Updated Duplex in Conway, Arkansas

[Ruth Christenson]

Investment Info:

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

Purchase price: $225,000
Cash invested: $33,750

Purchased an off-market duplex in a growing area near 3 colleges. It was cosmetically renovated and ready to rent. The 2 bed 1 bath side rents for $750/month and the 3 bed 2 bath side rents for $1400/month

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

Cash flow, location, off-market

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

Purchased from an agent on Bigger Pockets who was flipping the property. Negotiated $5K in seller paid closing costs and that the units would be leased before closing.