Triplex in Temple Terrace

[Account Closed]

Investment Info:

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

Purchase price: $403,000
Cash invested: $17,000

Triplex - only multifamily property in a single family neighborhood.

appraised 07/2021 for $410,000.

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

FHA loan , owner occupy 1 unit. Once I refi out of this property all 3 units will be rented and cashflowing $700 a month.

How did you finance this deal?

FHA

How did you add value to the deal?

already rehabbed