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Updated about 1 year ago on . Most recent reply
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Multifamily opportunity in Winston Salem, NC
My wife and I are offloading a few of our properties so we can focus on a different business that took off this past year.
We have a duplex that we currently split as a long-term (1750) and mid-term rental (2400), which brings in a combined $4,150/month, and a second 4/2 single family we also rent mid-term at $3,000/month. (has potential for rent by the room if you wanted to increase cash-flow)
I'm also in the middle of a renovation on a property that won't be a true duplex but can be rented out as two separate units for mid-term purposes. Based on our other properties we estimate $4,400/month rent potential.
Our current plan is to sell in the spring on-market, but would love to work with any BP investors earlier if anyone is interested in working something out off-market.
our mid-terms stay booked 90-95% of the year. We switch to short-term if there's a weird gap and always at a minimum get booked on the weekend. Can share our process for finding tenants/listing properties/etc. Also any furnishing can be negotiated as part of the sale.
I included links to the mid-terms above. Happy to share any other details if interested.