Just closed on my first 4-plex ! Third rental property

[Judd Campbell]

Super excited about this deal.

paid 106.5k 2b/1ba 4 plex

did a 30 year at 5.125% for a payment of $435 with Taxes and insurance adding ~250/month.

The place had a total gut and rehab in 2011 including a new roof, floors, paint, HVAC, plumbing, etc.

3 tenants in there at below market rent of $475 each. Section8 goes to 650 so I am going to move over to that as they open up.