Buy and Hold Duplex in Northeast Philadelphia,19114

[Inna Pakhalyuk]

Investment Info:

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

Purchase price: $190,000
Cash invested: $25,000

Purchased as my second investment through local credit union, got a great 30 years note with 3.87% fixed interest rate. Property needed a little TLC, but mostly cosmetic work, thats why I bought it. Currently duplexes in this area sell for $300,000. Renting out each unit for $1,000 a month.

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

Close proximity to where I live, so I can keep an eye on it.