Buy and hold duplex with unfinished attic space

[Kali Terry]

Investment Info:

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

Purchase price: $240,000

up/down duplex with potential to add 3rd floor unit

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

The potential to add 3rd floor unit in attic

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

FSBO - negotiated purchase price personally

How did you finance this deal?

30 yr fixed rate

How did you add value to the deal?

Finishing the attic space (800 sq ft)

What was the outcome?

Still trying to get in rezoned to a triplex

Lessons learned? Challenges?

Buy properties with room to add value.