This is a great opportunity to tae your landlord off the payroll...$5,000 Credit for Closing Costs...The seller is offering a $5,000 credit towards the buyer's closing costs.$5,000 Credit for Closing Costs?.Audubon Duplex with established good tenants, great location current leases in place are as follows, 221B $1275 per month, 221A $1,000 per month. This duplex provided great cash flow with a total gross monthly income of $2275 and a gross rent multiplier of 7.41% and a Cap Rate of 11.97% Annual rent of 27,240 generating positive cash from day one with long term tenants that want to stay. The 2nd floor tenant lease has a 60 day notice termination clause. so with 60 days notice that unit could be owner occupied. This is a true positive cash flow "Cash Cow".Over the last 12 monthsIn the last 3 months the owner has installed new heaters, a new roof, new baths in each unit, updated the entire electrical system, updated the plumbing systems...$5,000 Credit for Closing Costs...The seller is offering a $5,000 credit towards the buyer's closing costs.$5,000 Credit for Closing Costs?.
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