Triplex in Walla Walla

[Sean Wilkinson]

Investment Info:

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

Purchase price: $115,000
Cash invested: $70,000

Buy and Hold: This was a distressed duplex when purchased. We did some major renovations including adding an additional basement unit in what was previously wasted space. We are now wrapping up all renovations and will be refinancing this into long term debt. Once this is accomplished, this property should gross $3,250/ mo while cash flowing approximately $2,000/ mo after all expenses.