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Updated about 2 years ago,
Attic-conversion and triplex re-zoning
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Saint Paul.
Purchase price: $220,000
Cash invested: $4,000
Sale price: $240,000
Used FHA financing to house-hack duplex, while working with city to up-zone the proprety as R3 (triplex) and convert the 3rd floor attic-space into a large bespoke studio apartment.