Great MacGroveland Duplex

[John Cameron]

Investment Info:

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

Purchase price: $325,000
Cash invested: $81,250

Great Up/Down Duplex in MacGroveland. In 7 years I have had 0% vacancy. It is located in a high demand St. Paul neighborhood and is very walkable.

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

I was upgrading from a single family home rental and wanted to increase to two units on one parcel.

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

I found this on MLS and as an agent I negotiated it myself.

How did you finance this deal?

Typical conventional loan.

Lessons learned? Challenges?

This was my first duplex and with the single family home the tenants did the yardwork and other things. With a duplex it gets into a more structured management process with maintenance and workorders.