Updated almost 7 years ago on .
SOLD - Duplex with over 150k in profit
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Grapevine.
Purchase price: $225,000
Cash invested: $45,000
Sale price: $410,000
Single story duplex in Grapevine, TX
What made you interested in investing in this type of deal?
Very desirable area with excellent tenant base
How did you find this deal and how did you negotiate it?
Direct mail and bought as a package of 2 to close it
How did you finance this deal?
Traditional portfolio loan
How did you add value to the deal?
Bought from a distressed seller, and raised rents to market with minor upgrades to interior units.
What was the outcome?
150k in profit in under 2 years
Lessons learned? Challenges?
Find value
