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Updated 11 months ago,
Adding Units to Multi-Family
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $1,350,000
Cash invested: $150,000
Sale price: $2,200,000
We Converted a duplex to a triplex and increased rents by 150%. Now we are looking for our next investment.
What made you interested in investing in this type of deal?
This deal started during Covid and threw some kinks in the timeline. In the end having reverse and moving forward made this deal well worth it.
How did you find this deal and how did you negotiate it?
I am local Realtor here in Southern California.
How did you finance this deal?
Conventional Lending
How did you add value to the deal?
Added additional unit and rehab current units to increase value.
What was the outcome?
Increased value and great ROI!