MIDWILSHIRE DUPLEX

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• Duplex had potential to be fantastic with great bones, but was in horrible condition with a hoarder living in the upper unit

• Tenant occupied, we handled the be negotiation with the tenant to buy her out

• Renovation and design process took 5 months from completion to move in

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THE NUMBERS

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• Purchase price: $1.1 million

• After renovations, total rental income: 10,000 per month, 120,000 per year. 

• A 9.5% cap rate, a return of almost 10% per year

 

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