From ancient to updated! We brought this duplex back to life!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $230,000
Cash invested: $69,000
Super dated duplex. Came with tenants that all moved out 5 months after we bought it. So we did a full reno. The upstairs is tiny so we furnished it. The city denied us for nightly rentals because there were too many within 600' of us. We decided to do a midterm rental and it has consistently rented since! It's close to downtown and the big hospitals, so it has seen a lot of traveling nurses. The bottom is a long term rental. The full reno for both with the furnishings for the upstairs was around $55K. That took the rent from $1750 to $3100.
