Description
This Duplex is being remodeled for new owner. Both units rent for $350/mo could get $375/mo. Landlord pays water only!! Both units are 2 beds 1 bath and we are only interested in a strong property owner who will own free and clear...Cash Buyers only! Care Rate is 16%
This is a working class area and many tenants have section 8 vouchers....Guaranteed rent!
We screen all tenants thoroughly to insure strong cash flow. Buyer will have option of retaining Investors Service Company for ongoing Property Management Services.
Operating expenses:
Property Taxes -505.00
Insurance- 552.00
Mgmnt (10%) -1260.00
Maint./ misc. -600.00
Water -700.00
Less Operating Expenses: - $3617
Net Operating Income: (NOI) $4,783 $398.58 per month
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Owner Financing Details
Cash Only Buyer
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Lot Size: 3,500 ft.2
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Year built: 1925
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Net Operating Income: $4,783
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Gross Operating Income: $7,980
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Fair market value: $35,000
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Sale Status: Expired
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Price: $29,900
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Capitalization Rate: 0.16%
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Occupancy Rate: 95%
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Operating Expenses: $3,617
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Property taxes: $505
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Zoning: R2
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