Metal roof duplex & garage

[Dylan Webb]

Investment Info:

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

Purchase price: $271,000
Cash invested: $30,000

Duplex with 1 bed, 1 bath in each unit + 3 car garage in a great neighborhood. Both units rented at $1500/mo with all utilities included. Garage rented at $550/mo.

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

The garage and the fact that a long term tenant was in place paying market rent.

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

On market, $6,000 over ask offer and waived inspections due to the pristine condition of the building and garage.

How did you finance this deal?

3.5% down conventional

What was the outcome?

$3500 in repairs with little downtime in getting it fully occupied.

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

My wife and I are agents that serve the Northeast, PA area! We specialize in investments but can certainly cover all things residential. Scranton, Poconos, Allentown, East Stroudsburg, etc.