Buy and hold scenario.

[Nathan Hall]

I have a 3 unit, 1,968 sq foot unit under contract for 140,000. Fully tenanted, and rents are 1,800 total a month (2 month to month, one locked in on a lease at a low 525). 25% down obviously makes the deal that much more palatable. Self-managing, only extraneous extra expense is water/sewer/trash at $225 a month, mortgage will be around $816 a month (estimate).

It's a historic property (built 1798) and comes with an extra city lot that isn't big enough to do much with that I can think of.

Would you pull the trigger on this?