Six Figure Appreciation in LESS Than Three Years

[Allie M. Stanisel]

Investment Info:

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

Purchase price: $289,000
Cash invested: $57,800
Sale price: $390,000

This was one of two duplexes that shared a courtyard but were two separate tax lots.
Generated monthly rental income, monthly coin laundry income, and appreciation six figures after less than a three-year hold.

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

It seemed stable and steady. Little did I know it would be a cash cow.

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

Property was listed on the MLS as a package deal with 8 other units. I bought all 10.

How did you finance this deal?

Regular 20% down conventional.

How did you add value to the deal?

Brought rents to market, retained inherited tenants and sold at the right time.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

MYSELF!!!! The best plex investor and realtor that I know ;)