Updated over 5 years ago on .
Gardner Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $20,000
Property Overview - Income property or Owner occupied, either way the numbers will work! In town location, location, location! Walking distance to shopping, eateries & more. Much work has been completed from roof, decks, windows, electric, interior cosmetics & more. Full basement, separate electric & laundry. Each unit with eat in fully appliance kitchen, LR, enclosed porch and 2 bedrooms, kitchens & baths updated! ( 1st floor unit has mudroom/office ). Paved drive with plenty of off street parking and LARGE lot. 2 car detached garage. 2nd egresses!
What made you interested in investing in this type of deal?
Great price for a property not needing much work at all.
How did you find this deal and how did you negotiate it?
Found online and offered what the seller was asking.
How did you finance this deal?
Refinance from another property
How did you add value to the deal?
Minor updates and added an entire paved driveway (not cheap)
What was the outcome?
Still own property and it has been doing great!
