Sold $725,000 - Duplex
It’s rare these days I am able to find a great deal on the MLS for a small multi-family. So, imagine my surprise and delight when I found not one, but three this week! They are all very similar in that: (a) They are each duplexes selling for around $750K; (b) Two of them will be delivered vacant; the third one will not, but it was built in 2004 which means it is not subject to rent control; and (c) They each will be making about $5000 to $5500, which means that, on average, they will each cash flow about $1000 to $1500/mo, and they are all in upside locations. This will come to about 8% cash-on-cash return for each of them.
The First Duplex “3617 Marmion Way” – $725,000 | 2,700 Sqft | 4 bed 2 bath each.
The Second Duplex “361 N Avenue 57” – $759,000 | 2,257 Sqft | 3 bed 1 bath & 1 bed 1 bath.
The Third Duplex “1803 Workman ST” – $738,000 | 2,700 Sqft | 4 bed 2 bath each.
If you want more info on any or all of them, feel free to contact me anytime and I will help you out.
