Our 3rd property, 50s single family turned duplex

[Dominic Seeker]

Investment Info:

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

Purchase price: $170,000
Cash invested: $17,000

Our 3rd investment, a single-family home turned duplex by converting its defunct car garage into a beautiful studio apartment! Not quite as old as the others, this one being built in the early 50's. But what this one lacks in history it more than makes up for in cash-flow potential. We plan on vacating the main house soon and with the operating costs of the property already covered by renting the garage studio, our margin will be very good after we get out of here!