Duplex in Winslow Maine

[Joe Van]

Investment Info:

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

Purchase price: $127,500
Cash invested: $41,052

Remodeled Duplex in quiet residential area.

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

Realtor

How did you finance this deal?

Conventional loan

How did you add value to the deal?

- Walled off old garage doors in basement
- renovated kitchen in unit 1

What was the outcome?

increased rents from:
Unit 1: $750 to $900
Unit 2: $850 to $975