76-82 S. Chestnut St. Plainfield, CT - (Four-Family SOLD)

[Bill Couture]

Investment Info:

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

Purchase price: $135,000
Cash invested: $60,000
Sale price: $380,000

Four-plex purchased with seller-financing. Classic BRRRR deal where deferred maintenance was addressed, rents were increased and capex was completed (new Mitsubishi mini-splits, new hybrid hot-water heaters and new roof). Decided to sell off-market to a local first-time home buyer and the sale proceeds will be rolled into a new self-storage development.