Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $585,000
Cash invested: $585,000
Walk into this beautifully converted Victorian in historic and centrally located Browne's Addition! With updated electrical and plumbing, and topped with a new roof this home has been wonderfully maintained and renovated. Common hallways separate the mail entry and the community laundry room. The large main floor unit has original craftsman features, a living room with bay windows, formal dining, and a spacious kitchen. The main floor studio is a restored throwback to 1920's flare, with
What made you interested in investing in this type of deal?
Because it's in a great location/neighborhood
How did you find this deal and how did you negotiate it?
MLS, I represented myself and got it under contract quickly.
How did you finance this deal?
Cash
How did you add value to the deal?
Finished renovations and proceeded to rent out.
What was the outcome?
Got it rented and now cash flowing
Lessons learned? Challenges?
Put properties under contract quickly when the numbers check out.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself; yes use me I'm licensed in WA and ID
