Downtown Lake Worth Triplex

[Michael Jablon]

Investment Info:

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

Purchase price: $255,000
Cash invested: $45,000
Sale price: $339,900

Purchased a triplex 12 blocks north of downtown Lake Worth using an FHA loan in July of 2017. Made major renovations to the third unit (cottage). Sold in late 2019 due the high demand of rental properties in the area. This was my first and only deal so far.