First 3 Family Closed!

[Tyler L.]

As of yesterday, I am officially the owner of a 3 family in Worcester, Massachusetts.

$525K purchase price, FHA loan with a payment just shy of $3,100. Market rent is $1,500/unit. First unit is rented at market, second unit at $1,350. Third unit I'll be staying in bedroom 1, bedroom 2 and 3 are rented for $500 each.

Jeffrey Torres represented me, with @Brian J Allen as the listing agent. The property is in a great location, with jobs, schools, and hospital all nearby. And, for a 140 year old building, it's in pretty good shape-it needs a little love but nothing major.

My third year of college I set the goal of buying a place as soon as I graduate. After renting dozens of apartments to other college students and working two internships to save up the downpayment, and a whole additional year of college because of covid, I graduated in May, had my first property under contract exactly 60 days later, and closed. I'm excited to see what the future holds.