4/2 SF Converting into Duplex 2/1 each side

[Adriese Williams]

Investment Info:

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

Purchase price: $44,000
Cash invested: $50,000

Converting a 4/2 into a duplex (2/1 each side)
Medium rehab, most challenging aspect is separating the utilities, should rent $750-800 per side.

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

Potential to make multifamily

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

MLS, agent

How did you finance this deal?

Hard money, long-term loan

How did you add value to the deal?

Making it into a duplex

What was the outcome?

Duplex fully renovated 2/1 $750-800 per month each side

Lessons learned? Challenges?

Separating the utilities

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes worked with a local agent in Fayetteville. Lima one for money