February Boston BRRRR

[Willie Mandrell]

Investment Info:

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

Purchase price: $650,000
Cash invested: $200,000

This is 20 Corona St., built in 1910, is the most recent addition to my buy and hold rental portfolio. The first floor was owner occupied for over four decades. The purchase price was $650,000. With little structural work needed, the $200,000 renovation budget will mostly be dedicated to completely updating the kitchens and bathrooms, refinishing the existing hardwood floors, removing wallpaper and interior painting, replacing windows and repairing the back decks.