Holladay Duplex Apartment

[Nick Vought]

Investment Info:

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

Purchase price: $535,000
Cash invested: $80,000

Bought this duplex for a little more then a wanted, but the location was too good to pass up. one of just a couple multifamily homes on the street. multiple million dollar homes on the same street. This duplex had a great layout and was able to rehab and rent towards a premium price you wouldn't get in most places. Also the possibility of airbnb, just 20 minutes from 3 ski resorts and just 20 min from downtown.

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

MLS, got closing costs covered.

How did you finance this deal?

conventional

How did you add value to the deal?

updated bathroom, opened up wall between kitchen and living room

Lessons learned? Challenges?

Find a good loan officer...