4 unit multifamily all 1 bedrooms with two car garage 1100 valley

[Larry Frank]

Investment Info:

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

Purchase price: $152,000
Cash invested: $45,000

4 unit with 1 tenant paying $450. Estimated rent 600-650.
No W/D in building but all units were fine. Did not invest anything into building.

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

I like the area of Racine, good cash flow, good property manager.

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

With realtor. Final and best within a week or two of being listed.

How did you finance this deal?

Regular loan.

How did you add value to the deal?

I did not.

What was the outcome?

Still pending. One unit rented for $695/month well above pro rata but it took longer (it was a cold winter in WI).
Washer Dryer quote was 5k for just installation so I passed.