Great Buy-and-Hold Opportunity with Value-Add Potential – Bedford, OH

[Pete Krusinski]

Investment Info:

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

Purchase price: $150,000
Cash invested: $35,000

Solid side-by-side duplex in Bedford. One unit is fully renovated: hardwood floors, updated kitchen/baths, new paint, electrical, furnace, hot water tank, and roof.

The other unit needs full rehab: plumbing, furnace, flooring, drywall, paint, kitchen, baths, tank, and misc.

We estimate $40K in rehab with an ARV of $250K–$255K.

Rent Potential:
Market: $1,300–$1,400/unit

Section 8: Up to $1,600–$1,700/unit

Strong cash flow potential. Excited to

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

Great area, value add, rare setup and solid cash flow potential

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

MLS. Negotiated myself

How did you finance this deal?

CASH

How did you add value to the deal?

Finishing other side

What was the outcome?

TBD

Lessons learned? Challenges?

NA

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

NA