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Updated about 6 years ago,
Dormitory style apartment rooms
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $435,000
Cash invested: $200,000
2 unique dormitory style buildings. Going through complete remodel while occupied, starting room by room with eventual common area and exterior finish by spring. Goal is to achieve the rule of 3% in rentals - amazing for an investment of less than 500k!