Two Fourplexes, side-by-side in the same enclosure.

[Michelle St. Claire]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Albuquerque.

Purchase price: $313,000
Cash invested: $60,000

Each 1 bd/ 1 ba.
Seller-financed at 15% down, 6% interest, with balloon in 5 years.
I secured two personal loans (one through a bank, one through a friend) for the down payment and another personal loan (through a bank) for the initial rehab.
2 vacant units upon purchase.
Significant deferred maintenance.

Refinanced in 2021 at 4.45% for 30 years.