3-unit multi-family in Northeast PA

[Nelson M.]

Investment Info:

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

Purchase price: $169,000
Cash invested: $14,000

One building with 3 units side by side. Each unit has 2 floors. 2 units are 2BR and 1 unit is 4BR.

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

Good price and projected cash flow.

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

Online through conventional sources

How did you finance this deal?

Local lending company

Lessons learned? Challenges?

If there’s a septic tank always inspect carefully and check the repair history.

[Luke Trovinger]

Congrats on the deal @Nelson M.! What kind of rent ratio do you see in your area?