Great duplex (triplex)

[Matias Candel]

Investment Info:

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

Purchase price: $125,000

Buy a duplex that will be converted into a triplex. Will renovate the three units.

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

The price. Found it very cheap and with great potential.

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

On market, paid $5,000 above asking price.

How did you finance this deal?

Own cash

How did you add value to the deal?

By dividing one unit into 2 and renovating the units.