Owner Occupied Duplex

[Matt Lodwick]

Investment Info:

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

Purchase price: $140,000
Cash invested: $45,000

I currently live in one of the units in this duplex. My mortgage is $975/mo and the tenant in the other unit is paying $700. There is room to improve rent with minor updates to the unit. The tenant came with the property and so far has been good for the most part. There's been a few minor things, but overall, hasn't been to bad.