Buy and Hold Duplex in Merriam, KS

[Micah Thomas]

Investment Info:

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

Purchase price: $180,000
Cash invested: $20,000

Not your typical duplex, this is a 1920 2 bed 1 bath farmhouse with a small attached 1 bed / 1 bath guest cottage. For now, the farmhouse is a standard rental at $1,150 per month, and the cottage is being completely remodeled to become a short term rental and pull about $1,500 a month if it's at 80% occupancy.