213 W 5th Cheney WA

[Deepak Malhotra]

Investment Info:

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

Purchase price: $99,000
Cash invested: $19,800
Sale price: $136,000

Upstairs/Downstairs split entry duplex in Cheney, WA, home of Eastern Washington University. One of two adjacent identical duplexes. Each unit is 2 bedroom, 1 bath. The duplex had carports and separate fenced backyard areas. Sold to a friend.

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

Decent cash flow. Initial rent was $575 per side.

How did you finance this deal?

Conventional 20% down.

What was the outcome?

Sold at a profit.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Acted as my own agent when selling, Deepak Malhotra, Cheney Realty, Inc. www.buygeg.com