Multifamily Investment in Reading, MA

[Paul Vittozzi]

Investment Info:

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

Purchase price: $655,000
Cash invested: $75,000

2 family in a great neighborhood a 3 minute walk from public train station that travels into Boston.

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

It was a great owner occupied deal.

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

Real Estate agent found and negotiated the deal.

How did you finance this deal?

Conventional financing.

How did you add value to the deal?

DIY home improvement.

What was the outcome?

$1,200/month net cashflow.

Lessons learned? Challenges?

1880 house. Had its rehab challenges.