Saint Louis First Duplex

[Adriano Caraco]

Investment Info:

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

Purchase price: $171,900
Cash invested: $13,000

Duplex, recently remodeled, Invested in repairing Sewer Line, Coating the floors and other small work inside the house. Rented both sides in 1 month

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

Cash Flow, 10% COCr

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

Found on MLS, For sale by the owner. He took another offer first and it fell through, then we negotiated and agreed with a 180k sell price and 8K for repairs paid by the seller.

How did you finance this deal?

Regular Financing, 30yr 3.5%

How did you add value to the deal?

Refinished the original flooring.