Value Add Tripex BRRR Long Beach Calif. Showcase

[Will F.]

I have an empty unit in my triplex.

We bought for $385k highly distressed/ underperforming 2015

Put in $25k initially and $50k over three years

Now it's operating with $61k GSI

Based on the NOI of area 4.25 cap it's worth $936k

It will likely sell for $850k in this market after we put in about $20k more cap imp

If anyone wants to drop by and see the empty unit lett me know