Newport Triple Decker

[Thomas Young]

Investment Info:

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

Purchase price: $405,000
Cash invested: $100,000

A triple decker near the heart of Newport. 9 bedrooms and 5 bathrooms. I bought the multi family and lived in one of the units while fixing it up and renovating and have since been doing the same with others. With my improvements I have been able to increase my rent from $3,800/ month total to about $4,800/month.

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

The low cost, potential, and location.