Four Plex with | 1 Airbnb Unit

[Zachary Kruse]

Investment Info:

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

Purchase price: $180,000
Cash invested: $43,000

We negotiated a four plex listed for $240k down to $180k, ended up putting 20% down and fixed up a bunch of smaller problems, are currently on our last inherited tenant but otherwise have been able to raise rent. We also decided to put the top unit on Airbnb and have made quite a bit more. We hope to maybe turn it into a boutique hotel in the future depending on how the Airbnb market trends.