2 Family 6 over 6 in NJ near NYC

[Timothy Heck]

Investment Info:

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

Purchase price: $475,000

6 over 6 2 3br units in town near NYC in NJ.

What made you interested in investing in this type of deal?

Good location, stable reliable tenants

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

My parents owned the home.

How did you finance this deal?

regular bank loan and gift of equity.

How did you add value to the deal?

Updated the roof, HVAC, Updated 1 of 2 boilers and Water Heaters, added sillicone to outside siding. New Steps front and back.

What was the outcome?

Still owning Equity is up to $575000 or so.