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

[Nicholas Sheridan, Jr.]

Investment Info:

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

Purchase price: $145,000
Cash invested: $45,575

Off market, 2/1 per unit, comes with 24 total years of tax abatements (0% property taxes for the next 9 years and then 50% for the following 15 years).
20.52% COC Return with a monthly cash flow of $779

Calculations are based on: Vacancy Rate: 6%, Maintenance & Repairs: 6%, Property Management: 5%, CapEx Oh **** Fund: 5%