So you woke up Christmas morning and unwrapped all your presents, or so you thought. You missed one present. Open it now to find out what it is.
Red siding, duplex with wood front porch. Sounds tempting, but like other duplex presents on the market waiting to be unwrapped, what’s the deal with this one?
You’ve probably come across other duplexes that have already been opened, used, returned to the duplex store with damage, then some employee repackaged it, put it on shelf, where it sits for 30 years crumbling away. Normally you would have to pay tenant action figures money to live in the place. THIS duplex is the complete opposite.
Loyal tenants have been living here for for 3-10 years (Please note: after 3 years tenant action figures become real people) They pay ALL utilities expect garbage. They live here because the building is well maintained. Check out the photos. Yes the duplex is used, but its cared for by its tenants and the owner who has put in new windows, electric, roof (7-8yrs old), and other updates into the place.
The heat is gas forced air. Washer dryer hook ups in the basement. Separate meters
To recap, here is what your present comes with
Tenants
Turnkey Ready Building
Quiet Street
BONUS vacant 2 car garage that could collect $100 per month as storage
Asking 27K
Market Value: $50K
Estimated Sq. Feet: 1,600
Current Rent: $250/each side
Market Rent: $450/each side
Current ROI: 14%
Potential ROI: 23%
Annual Taxes: $1,008
Annual Insurance: $480
If you’re interested- Property Management: 7%
Annual Garbage: $150
Serious Inquires Only
You must provide proof of funds such as bank statement (please black out your account numbers) or letter from your bank saying you have the funds available.
In between giving out other presents, I can answer your questions and get you more information.
