4-Plex - 2 story Townhomes
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $490,000
Cash invested: $98,000
4 Plex - 2 Story Townhomes - 3 Bed 2.5 bath identical layouts. Middle units have 1 stall garage, end units have 2 stall garage and storage sheds in the back yard. All backyards are individually fenced.
What made you interested in investing in this type of deal?
Large units that were in good shape to keep maintenance costs down in the beginning. To house-hack and live in a unit myself while the other units paid the mortgage and provided a small amount of cashflow
How did you find this deal and how did you negotiate it?
MLS - Realtors
How did you finance this deal?
Selling prior homes - Conventional loan
Lessons learned? Challenges?
A nice well maintained building will limit your maintenance headaches while starting out. The limited interaction and desirable units have allowed me to keep tenants longer and allowed me to travel without any issues - for months at a time in this case.