10.4 Cap 4-plex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,165,000
Cash invested: $1,165,000
Sale price: $1,165,000
I represented the buyer of this 4-plex which generated over $121,500 annually, great mix- 2 3/2's & 2 2/2's, 3 1 car garages for extra income, stable tenants, capital improvements completed= new roof, dual pane windows, renovated kitchens & baths, low overhead- sourced a good property manager who charges 3.5%
How did you find this deal and how did you negotiate it?
This was an off market sale, the seller found me through other near-by income properties I had sold, I presented it to a long-time investor client who jumped at it due to the high CAP rate, great property condition and low-cost management
- Meghan M Diehl