Updated about 1 year ago on .
Cash Flowing Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $230,000
Cash invested: $62,000
Duplex purchased in 2020. One unit was rehabbed with $15,000 and a new lease
added at market rent. The 2nd unit existing tenant lease was brought to market
rent. Refinanced in 2023 and cashed out $40,000 to reinvest
○ Address - Mount Laurel NJ. 05054
○ Managed by a property manager.
○ Purchase Date - 10-15-2020
○ Purchase Price - $230,000
○ Original CoC 4.8%
○ Current CoC 15.04%
○ Current Value - $400,000
How did you finance this deal?
Conventional Loan