Contractor · CT · Member since 2019 · 16 posts · 7 votes My wife and I are looking at our first multifamily investment in Western Connecticut and would appreciate some experienced investors’ opinions. Here are the numbers: ● Purchase price: $400,000 for three units. ● Layout: Each apartment is a 2-bed, 1-bath with a balcony. ● Projected rent after renovation: $1,900–$2,000 per unit, or $5,700–$6,000/month total. ● Renovation budget: $30,000, including a new roof.
