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Updated over 3 years ago on .

User Stats

45
Posts
26
Votes
Alana Reynolds
  • Real Estate Agent
  • Jacksonville Florida
26
Votes |
45
Posts

Small 4 unit multifamily only 30 minutes from the beach

Alana Reynolds
  • Real Estate Agent
  • Jacksonville Florida
Posted

Investment Info:

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

Purchase price: $410,000

Used my VA loan to purchase this 4 unit building, closed April 30, 2021. I have been planning on moving into one of the units but dealing with difficult inherited tenants. I want to build my rental portfolio rather aggressively so my plan is to live in a 3 bd unit and have two roommates. In addition, rent out the other 3 bd unit by the room since the need for housing is prevalent.