Multi-Dwelling Rental Property in Folsom PA

[Chris Pelc]

Investment Info:

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

Purchase price: $225,000
Cash invested: $335,000

This is a multi-dwelling property in Folsom PA. A great area for rental, as the school district is Ridley SD. This was a very unique deal, and the investor that i sold this plans to rehab both properties. The numbers came back around $55k per house, and they expect to be getting around $2,500/month from each dwelling. So a total of $5,000/month for an all-in price around $335,000.

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

The area is great for renters because of the good school district.

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

New Western in Philadelphia. The property was direct to seller, so was not advertised anywhere other than through the exclusive inventory of New Western.