First Multifamily Investment

[David Tremblay]

Investment Info:

Small multi-family (2-4 units) in Auburn, ME Purchase price: $351,500.00 Cash invested: $15,000.00 Monthly cashflow: $3,900.00

This property was bought as a house hack. I am currently living in the largest unit which has 3 bedrooms and one bathroom with a fully finished basement only this unit has access to. Once I move out the market rate would be about $2200 as of today. The other two units are both one bedroom one bathroom currently renting for $850.

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $351,500
Cash invested: $15,000

3 unit multifamily