Second Investment Property - Duplex Number Two

[Matt VanGorder]

Investment Info:

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

Purchase price: $110,000

Up/Down duplex, one unit is occupied. The upper unit is a 3 bed/2 bath. The lower unit is a 1 bed/1 bath. I purchased this duplex because of the loss to lease. Both units were significantly under market. Currently rent is bringing in $1,000. Once new tenants are in the rent will be $1,500.