Multi Family, four plex, initial and long term improvements

[Tommy DeSalvo]

I just put a very well maintained 4plex under contract for 91k. It is fully rented and is in turn key condition. Now, the current owner hasn't raised rents in about 10-15 years, and they're about 90ish dollars below market avg. It has original windows (the aluminum framed ones from the 50s), no dishwashers, and no ACs. My plan is to roll the purchase of new windows into my loan, so, 20ish windows, at 150 a piece is about an extra 3k right off the bat. Then I would add dishwashers and AC units as I turned over the actual units. The amv of the property is around 130-140. Is this a good investment or should I put this off. On a side note, I'll be living in a unit.