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Updated over 5 years ago on . Most recent reply

User Stats

40
Posts
5
Votes
Zachary Johnson
  • Real Estate Agent
  • Syracuse, NY
5
Votes |
40
Posts

2 unit deal in Syracuse

Zachary Johnson
  • Real Estate Agent
  • Syracuse, NY
Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Syracuse.

Purchase price: $38,000
Cash invested: $38,000
Sale price: $38,000

This duplex will be rented out for $800 plus utilities per side.

What made you interested in investing in this type of deal?

The numbers were too good to pass up.

How did you find this deal and how did you negotiate it?

A client of mine

How did you finance this deal?

I paid cash

How did you add value to the deal?

By fixing plumbing, flooring and the forced air unit.

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