Part 3 of 3 of York, PA (7 unit) portfolio

[Zachary Coombs]

Investment Info:

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

Purchase price: $69,360
Cash invested: $21,000

Fully occupied duplex.

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

ROI and fully occupied

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

MLS through realtor

How did you finance this deal?

Conventional mortgage

How did you add value to the deal?

N/A

What was the outcome?

Holding

Lessons learned? Challenges?

Have management in place by closing date get a better idea of zoning limitations. This is being used as a multifamily but is zoned as single family and will likely take some time, effort, and money to legally convert in order to finance out of seller financing.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nancy Allison Coldwell Banker in Chambersburg, PA
Charlie Miller with Freedom Mortgage
Keystone Real Estate Services Chambersburg, PA
Southern Management Rentals Glen Rock, PA