My first rental property! Beach Triplex!

[Jacob Mullin]

Investment Info:

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

Purchase price: $662,000
Cash invested: $30,000

Triplex in Fort Meyers Florida! 3miles from the new Margartiaville on Fort Meyers Beach. Minutes away from Sanibel Island.

Main house is a 3b/2ba renting for $2600
Duplex on same lot is 4b/2ba split into two 2b/1ba collecting $1900 in rent EACH.

Purchase price of home was $662,000 with closing costs wrapped in. Mortgage payment is ~$5000 per month