4 Identical duplexes all in a row.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $385,000
Cash invested: $20,000
Purchased 3 additional identical duplexes to my previous investment which will make a total of 8 units, 4 duplexes, all next to each other.
What made you interested in investing in this type of deal?
The numbers and location made sense for this to be a great income producing buy & hold.
How did you find this deal and how did you negotiate it?
I found this deal because 1 of the 4 properties was owned by a different investor, they listed the property, I took a look and realized there was 3 more identical properties next door. Purchased the one on the market and then contacted the owner of the other 3.
How did you finance this deal?
Commercial lender.
How did you add value to the deal?
By bringing all 4 properties under one ownership. Currently we are adding value by taking care of deferred maintenance.