BRRRR Duplex in South City STL

[Alex Bekeza]

Investment Info:

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

Purchase price: $55,000
Reno - $45,000

ARV - $148,000

Rent - $1,300

BRRRR deal in Dutchtown, STL, MO. I purchased this duplex two doors down from my first one. This appeared to be a stalled rehab where the previous owner must have ran out of cash but had completed a lot of the hard work for us. Purchase price $55,000, Reno $45,000 and the ARV appraisal came back at $148,000! Both sides are leased for $650 and I was able to leave very little of my own cash in the deal all said and done.

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

High cash flow potential and proximity to my other property.

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

MLS during Covid Panic

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Complete head-to-toe reno

What was the outcome?

Came in under reno budget, ARV higher than projected, and excellent lease terms!

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

Provident Property Management