Massive Victorian Quadplex in Ridley Park!

[Louise Cornell]

Investment Info:

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

Purchase price: $315,000
Cash invested: $30,000

This was a fantastic fully occupied quadplex in Ridley Park on a large corner lot. It's a little more than 2,600 sqft in solid shape, just needed an exterior clean up. All units are 1 bed/1 bath and the investor I sold it to is considering eventually making one very large unit into 2 beds. Looking to appraise in a few months.. will keep everyone posted on the outcome!

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

I worked direct with seller.

How did you finance this deal?

Investor financed with cash.

How did you add value to the deal?

By fixing and cleaning up the exterior. They plan to eventually clean up each unit a little bit.

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

My investor bought from me and was a wholesale deal.