A fantastic little ATM in Euclid

[Hans Christopher Struzyna]

Investment Info:

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

Purchase price: $145,000
Cash invested: $41,225

Contributors:
Kristin Struzyna

It's a two floor duplex with an unfinished basement and attic. We are considering finishing out the attic. We are simply looking for a solid cashflow machine. This is it!

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

It's hitting our COC and cash flow returns.

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

It was on the MLS and we wrote a strong offer.

How did you finance this deal?

25% down 30 year fixed.

How did you add value to the deal?

Raising rents, getting tenants to pay the utilities, and the paint/finishes.

What was the outcome?

We are at 10% COC and are very happy.