Rochester, NY Duplex Investment

[Nick Wu]

Investment Info:

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

Purchase price: $182,250
Cash invested: $73,000

- Residential area that is close to University of Rochester

- Spent $20K in renovation of the aged unit and increased the rent from $750 to $1,450.  The other unit was rented for $1,300. Currently yielding monthly cash flow of $1,250 ($900 after all projected vacancy & maintenance budget).

[Preston Garcia]

Hey are you selling this or posting about a great deal that you completed over here in Rochester?

[Nick Wu]

Quote from @Preston Garcia:

Hey are you selling this or posting about a great deal that you completed over here in Rochester?

 Hi Preston, just posting my first rental investment on the platform. This one has been running well!

[Preston Garcia]

Awesome, that’s great to hear that you’re doing well with it!

[Robin Simon]

Congrats - we are seeing a ton of activity in Rochester recently, seems like the market is doing well