Updated over 4 years ago on .
4/2 SF Converting into Duplex 2/1 each side
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Fayetteville.
Purchase price: $44,000
Cash invested: $50,000
Converting a 4/2 into a duplex (2/1 each side)
Medium rehab, most challenging aspect is separating the utilities, should rent $750-800 per side.
What made you interested in investing in this type of deal?
Potential to make multifamily
How did you find this deal and how did you negotiate it?
MLS, agent
How did you finance this deal?
Hard money, long-term loan
How did you add value to the deal?
Making it into a duplex
What was the outcome?
Duplex fully renovated 2/1 $750-800 per month each side
Lessons learned? Challenges?
Separating the utilities
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes worked with a local agent in Fayetteville. Lima one for money
