Duplex in great location near transit/downtown

[Thomas Myung]

Investment Info:

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

Purchase price: $500,000
Cash invested: $130,000

Long term buy and hold duplex in growing location

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

Location, cash flow potential

How did you add value to the deal?

the usual re-painting and cleaning up the unit. added new appliances
instead of dealing with lawn maintenance, we covered lawn with gravel.

Lessons learned? Challenges?

Always visit the property in person before submitting the offer

[Jeremy Benson]

Can you share what you are renting each unit at? I’m curious how you’re managing to cash flow with a 500k duplex.