3 Family - Malden, MA

[Patrick Amaral]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Malden. 

Sold Listing: https://www.redfin.com/MA/Mald...

Purchase price: $714,000
Cash invested: $100,000 (DP + Reno Cost)
Sale price: $920,000

3 Unit Multi-family
Unit 1: 4 Bedroom 1 Bathroom
Unit 2: 2 Bedroom 1 Bathroom
Unit 3: 1 Bedroom 1 Bathroom

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

- Large plot of land (11,000 sq.)
- Potential to build another unit in attic space
- Value Add - Every unit could use cosmetic updates

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Renovated 2/3 units