Sold $450,000 - Duplex
The units will easily fetch $2650 and $2000 (total = $4650/mo.) It does need work – maybe about $50K worth – but can easily and rapidly be done before you get your tenants in there. Cash on cash return on this one – even including the $50K for upgrades and repairs – will be approximately 15% ! Plus you have nothing but upside.
Here is an amazing opportunity for a buy and hold income property buyer, and particularly for one who can do their own fixup. Specifics are as follows: a) being delivered completely vacant so you can charge current market rates, b) not currently on market so no bidding war, c) It is in a great upside location, has views, is 2 detached homes and very very spacious.
The units will easily fetch $2650 and $2000 (total = $4650/mo.) It does need work – maybe about $50K worth – but can easily and rapidly be done before you get your tenants in there. Cash on cash return on this one – even including the $50K for upgrades and repairs – will be approximately 15% ! Plus you have nothing but upside.
If you are interested, let me know asap and I will help you get it.
