Huntsville Alabama 4 plex

[Tim Windhorst]

Investment Info:

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

Purchase price: $240,000
Cash invested: $65,000

Very excited about this first deal! Probably will not be a home run but not a risky deal either. By raising the rents to market raise, It'll be a little over a 7% CoC return. A+ school district makes this area very desirable area of Huntsville so it rents quickly.

I found this by contacting agents on Loopnet. Interviewed them and describe what I was looking for. One I worked with had a client liquidating his assets and needed to offload the property.

Here is the Zillow listing - https://www.zillow.com/homes/12005-Sugar-Mill-Cir-SE-Huntsville,-AL,-35803_rb/190833456_zpid/

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

rents were below market
huntsville is growing
A school district

How did you finance this deal?

Conventional mortgage using Better Mortgage

How did you add value to the deal?

Raised rents