Updated over 5 years ago on .
My buy and hold deal I found on the MLS
Investment Info:
Small multi-family (2-4 units) buy & hold investment in West Alexandria.
Purchase price: $70,000
Cash invested: $20,000
Money making Tri-Plex. One unit upstairs rents for $450.00 one bedroom one bath. 2 units on the Ground floor rents for $500.00 each . both have two bedrooms and one bath.Roof replaced in 2019 , leach field replaced in 2019.
What made you interested in investing in this type of deal?
it was poorly managed and way under market rents.
How did you find this deal and how did you negotiate it?
the MLS
How did you finance this deal?
Conventional loan
How did you add value to the deal?
new paint and several upgrades throughout
What was the outcome?
great cash flow and equity