Rockstar Cash Flowing Duplex near TCNJ

[Natalie Schanne]

Investment Info:

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

Purchase price: $244,000
Cash invested: $280,000

Charming 1950’s Duplex with Hardwood Floors. 3/1 and 2/1. Furnished and rented 2/1 small side to traveling nurses, students, and relocating professionals. Budget Accommodations.

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

I like the size of this property and what I can do with 2500 sqft.

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

I found the deal on MLS and I offered cash, as is, asking, closing asap.

How did you finance this deal?

Cash from a cash out refi on another rental.

How did you add value to the deal?

Improved cosmetics, furnished the property and marketed it

What was the outcome?

Great.

Lessons learned? Challenges?

Squirrels love attics. Even after we removed the trees, they climbed up the house into the attic.