Current Project: Historical Duplex

[Lori Williams]

Investment Info:

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

Purchase price: $40,000
Cash invested: $80,000

Historical duplex, 3050 sq ft, each unit 1500 sq ft, 2 bdrm, 1 bath, K, DR, LR, dedicated Office. Rent 1200.00 per unit.

Pic shows freshly painted front doors, and a peek of the 15 Japanese box hedges and 7 red rose bushes just planted. Still some more work to do!

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

MLS, realtor

How did you finance this deal?

cash, private loan

How did you add value to the deal?

High end ceiling to floor rehab

Lessons learned? Challenges?

Old houses are an adventure that requires extra funding for the unknown issues that aren't seen until the work begins