7273-7275 Ocean Gtwy

[Jack Seiden]

Investment Info:

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

Purchase price: $335,000
Cash invested: $88,000

Bought this duplex in Easton Md off the MLS. Needed zero work, did have to inherit a tenant at 1k a month. However once everything is up to market, this should throw off 2k+ a month of income (3600-4000k gross rents) making this a 25% + Return. All in all a pretty easy deal zero work (Should rent very quickly as of last check their were only Five 2+ beds under 2k a month in a four county radius which is truly insane!) and a 25% return. Will keep looking for more deals on the Eastern shore which is basically as far as I can tell the only place in the metro area that rent's have out paced home prices.