Value Add Southern California Duplex

[Mickey Petersen]

Investment Info:

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

Purchase price: $410,000
Cash invested: $15,000

Another full turnaround project. Cash for keys to convince the low rent paying tenants to move out. Updtated both units completely. Floors, cabinets, vanities, paint/trim, blinds, water heaters, clean up landscaping. I know there is no oven hoods in the photos. Don't worry we add new ones.

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

Value add opportunity.

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

Agent / MLS

How did you finance this deal?

Conventional Financing.

How did you add value to the deal?

Updated both units and achieved market rent.