North Nashville Duplex

[Andreas Mueller]

Investment Info:

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

Purchase price: $300,000
Cash invested: $90,000

Gut renovated this lovely little duplex in Buena Vista Heights area of Nashville. New kitchens, baths, HVAC, the works. Each unit has its own fenced in yard for pets, a must here in Nashville with most young folks. Next year we'll landscape the back and add a large deck off the living room. Always asset managing and improving to keep up with market rents.

What made you interested in investing in this type of deal?

I own a lot of these small multifamily in the city. It's been a great sweet spot for offering affordable rental units that are in high demand. Highly rentable. Property is squarely in the path of growth.

How did you find this deal and how did you negotiate it?

MLS. I am a realtor. Property was ugly, needed everything (my favorite).

How did you finance this deal?

DSCR and cash

How did you add value to the deal?

Full gut

What was the outcome?

Awesome rental. 4 months total for construction.

Lessons learned? Challenges?

Never split the difference

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Of course, message me! I'll send you to the most amazing people here in Nashville. We have a solid database of real estate professionals for any discipline.

[Andreas Mueller]

Should be in the deal details?

90k rehab

$3000 total for rents. For now, rents appreciated well here too.