Duplex investment ripe for leveraging

[Mitch Hill]

Investment Info:

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

Purchase price: $323,000
Cash invested: $323,000

1440 sq ft duplex built in 1941. Each side rents for $1k. Purchased for $323k in 2020 for cash. Rehab was $17k for pier and beam foundation repair plus new exterior paint and a little minor carpentry. Zillow places value at $456k (9/21). Long term tenants. Future plans calls for interior renovation plus mini split AC. After Reno rent moves to $1500 per unit.