Small Multi-Family Property

[Mani Aggarwal]

Investment Info:

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

Purchase price: $800,000
Cash invested: $250,000

Beautiful legal 2 family, provides 3 separate apartments, including a duplex - 2-floor apartment on top.

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

The location is central between Newark airport & Manhatten, just about 10 miles each, and plenty of public transport. Perfect for short-term rentals.
The location being 10-15 min to Manhattan, easy to find quality Tenants.

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

Personal research and directly negotiated. Offered some work upfront to the owner.

How did you finance this deal?

Regular Conventional Mortgage,

How did you add value to the deal?

With a small lift & ****, adding a few essentials, to attract quality tenants.

What was the outcome?

Great quality Tenant,