FOR SALE - 503 Washburn Ave - Buy & Hold

[Aleka DeGraaf]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $89,000
Cash invested: $89,000

Lease in place until 9/30/2023
Tenant pays $1,200/ mo
Professional management
Owner is Property Manager and Agent
New Roof
New Gutters
Tree Removed from Front Yard - all insurance requirements met
New Dishwasher
Clean Crawlspace
Exceptional HVAC unit

What made you interested in investing in this type of deal?

Met the 1% rule when I was able to increase tenant rents to $1200 with minimal investment

How did you find this deal and how did you negotiate it?

Wholesaler friend

How did you finance this deal?

Hard Money

How did you add value to the deal?

Minor updates, and increased tenant rent from $900 to $1200 as a professional property manager

What was the outcome?

Now selling

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a REALTOR and a Property Manager