I bought the ENTIRE block

[Allie M. Stanisel]

Investment Info:

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

Purchase price: $289,000
Cash invested: $57,800
Sale price: $406,000

This was one of two duplexes that shared a courtyard but were two separate tax lots. Sold as a 10-unit package. I purchased the entire block - this was one of the properties in that package.
Generated monthly rental income, monthly coin laundry income, and appreciation six figures after less than a three-year hold.

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

MLS - It came on the market and I knew it would be a sound investment based on market trends, it's proximity to the freeway and the fact that it was a package deal with 8 other units.

How did you finance this deal?

Regular 20% down conventional loan.

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

MYSELF!!!!!!!
Allison M. Stanisel - Multifamily Real Estate Broker
Licensed in Oregon and Washington
503 701 8732