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Updated over 2 years ago on .

User Stats

38
Posts
21
Votes
Michelle St. Claire
  • Rental Property Investor
  • Mesa, AZ
21
Votes |
38
Posts

Fourplex with 2 bed/1 bath units

Michelle St. Claire
  • Rental Property Investor
  • Mesa, AZ
Posted

Investment Info:

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

I purchased two fourplexes side-by-side as they were next door to a property I already owned. One ended up being a nightmare due to the tenants in it and I sold in October 2022 after losing money. The other one has been rehabbed and is now stable.
Initially seller financed and later refinanced at 4.45% over 30 years.