Triplex in Portland

[Evan Gross]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Portland, OR.

Purchase price: $835,000
Cash invested: $42,000

A triplex: 3 units, 2 br 1.5ba, 1br, 1.5ba, 3br, 1.5ba

Cash flow: $1500

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

Trying to do the stack! Attaining financial freedom by getting more cash-flowing properties.

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

On the MLS - had to negotiate through a change of lender.

How did you finance this deal?

5% down. Owner occupied.

How did you add value to the deal?

A little bit of landscaping, rebuilt the kitchen floor and ceiling and remodeled both bathrooms in the unit i lived in.