Sold, Sold 2017 - 2-4 Unit
- Sale Price :$799,000
- Gross Rents:$6,700
- Cash Flow ( 20% Down Loan ):$1,168
- Net Rents ( Less Expenses ):$4,364
- Cap Rate: 6.55%
- Number of Units: 4
- Cash Flow (Low Money Down Loan): $189
- Cash on Cash ( Low Money Down Loan): 5.67%
- Cash on Cash ( 20% Down Loan ): 8.77%
This was a massive 4 unit property in an excellent location. They were large 3 bedroom units with good bathrooms that could have rents increased with new kitchen rehabs. We estimated an increase of rents by $1,000 a month with a $40k renovation
“I came across Brie here on Biggerpockets.com, and I reached out to her to find a multi-unit property in Chicago. Since then, everything changed in a good way.
Brie helped us find our first multiunit home in Chicago. Throughout, Brie was a tremendous resource in every step of the process. Whenever I had a question or an issue she always had an answer. Also, even before I realized something would be an issue, Brie would point it out and provide several options for us to choose from. And I never felt pressure to purchase a property with Brie. We could always rely on Brie to give us an honest and objective opinion on any matter. Even after closing, Brie is continuing to provide advice on how to manage our new property efficiently.
Brie is unlike any other real estate agent. She is an investor at heart, and it’s immensely helpful to have another investor who is so knowledgeable on our side when we are looking at these deals. I will be working with Brie on my next investment properties too!”