Turnkey Pottstown Duplex with Detached Garage

[Alex Uman]

Investment Info:

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

Purchase price: $159,000
Cash invested: $1,000

The most turnkey rental deal I've seen up in Pottstown. My investors made the right move to pick up this cash-flowing duplex which grosses $2200/mo with the detached garage being rented out to a local mechanic. The units were in great shape with excellent tenants taking care of the property and paying rent on time every month. With next to nothing in rehab needing to be done, they hope to appraise and refinance at $180k+ to cashflow $700/mo or even more with higher paying tenants. Being local to the area, this deal made the most sense for them to move on and we were able to close on it in a week!