Multi Family Property#12

[Nitin John Abraham]

Investment Info:

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

Purchase price: $115,000
Cash invested: $3,700

4 bed 3 bath multifamily residence. 2,083 sqft

3 bed 2 bath first floor
1 bed 1 bath 2nd floor

basement is set up to add potential 3rd 2 bedroom unit.

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

potential to add 3rd unit

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

Found on the MLS by me and passed on to Agent.

How did you finance this deal?

Conventional Financing with 25% down. Rate was 5.125%.

How did you add value to the deal?

Working on plans to add 3rd unit to basement.