1386 Euclid Lincoln Park MI, 48146
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lincoln Park.
Purchase price: $74,900
Cash invested: $1,200
Bought for 74.9 at asking.
Lower unit was turn key.
Upper unit needed a massive facelift.
Just sanding and hardware updates on doors and what not.
She needs a new roof this year but I'll do it myself with two friends.
What made you interested in investing in this type of deal?
House hacking!
How did you finance this deal?
Conventionally at 20% down.
What was the outcome?
She cash flows 800$ a month before capex.
