This is an 1 bed up and 2 bed down duplex. The positives are it has new siding and new windows. The roof seems to be solid, and the house is in pretty decent condition. As far as work needing to be done on this duplex is all cosmetics. The down stairs unit needs carpet and some paint in a couple rooms. It also has laundry on the unit instead of in the basement. The upstairs unit will need cabinets and sink installed. As of now there is are none. Also the bathroom will need a new surround in the tub as well. The unit needs carpet and paint. There is no laundry in the up stairs unit. Their option would be to have appliances in the basement. The utilities are all on the same bill as well, and would be up to the buyer to decide to split or not.Purchase price:$36,000Rent: $900/moTaxes: $42/moInsurance: $50/moManagement: $90/moUtilities: tenant pays (assuming the utilities are split)Cashflow: $718/moRepairs:$15,000COCR: 15%(56,000)Annual Net rent: $8,616
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
