Single Family in Bridgeton NJ

[Shalom Yusufov]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $205,000

Found a great buy-and-hold property that needed some love. Acquired this as part of a portfolio with another single-family home and did a $22,000 reno before renting it out long term. Plans with this one are to collect the cash flow and work on converting it to a duplex by building an ADU in the basement.

How did you add value to the deal?

Did a light cosmetic reno to spruce up the house and make the floorplan more efficient