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Updated almost 10 years ago,
4 plex thoughts ?
hello biggerpockets community
I have been an avid reader of this site for the last few months , and this is my first post.
My wife and I purchased a 4 Plex in Oct
Built in 1995
Purchase price $175,000
Rents are $665 per unit = $2660 total minus our unit so actually $1995
We purchased it FHA 3.5% down owner occupied
Mortgage/PMI/taxes/insurance is $1880.
"Taxes are high at $6500 "
Each unit has separate
Furnace,hot water heater,washer,dryer. They pay there own electric,water,gas.
We paid for the trash service $45 a month.
Newest tenant has lived there 2 years,followed by 6, 7 years.
Granted we already own it. But how did we do ?