Duplex with 8 rental garages

[Richard Perrin]

Investment Info:

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

Purchase price: $77,000
Cash invested: $7,700

Duplex with 8 rental garages

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

The garages is easy rent. No occupied units with just electric

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

MLS

How did you finance this deal?

Seller financing

How did you add value to the deal?

New heater in the duplex and updated the back yard

Lessons learned? Challenges?

Negotiate some of the obvious repairs before purchase.