Updated almost 4 years ago on .
Darby Pennsylvania Cash Flowing Triplex!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Darby.
Purchase price: $170,000
Rent: $2252/mo
Market Rent: $3000/mo
The property is currently occupied getting $2252/mo with month to month tenants. The bottom unit is a 3 bed 1 bath and the top two units are 1 bed 1 bath each. With this amount of rent the property is cash flowing nicely but it has much more potential. Market rents for something like this are as much as $3000/mo so the plan is to either up the rents, or find new tenants. Ideally, they would find new tenants and do some light renovations before renting it back out.
What made you interested in investing in this type of deal?
The investor is interested in the Darby, Upper Darby and West Philly market because of the low cost of entry, high rental rates and excellent appreciation. This is just another nice rental she is adding to her portfolio.
How did you finance this deal?
The investor is using 100% cash.
How did you add value to the deal?
Once the tenants move out the investor plans on doing some light renovations to get it nice enough to achieve market rental rates.
