First investment property

[Michael Clark]

Investment Info:

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

Purchase price: $293,000

3 unit property in downtown Allentown. Turnkey investment with value add potential. Two units occupied, renting for $815 and $850 per month. Did a light rehab on the 3rd unit - fresh coat of paint and new carpeting. Currently listed for $1250 per month. Not a home run deal, but a good start and a lot of appreciation potential.