Side-by-side duplex - great investment property in Rosedale. Take one of two approaches: rental or fix and flip! 1. Rental Property: current tenants are paying $1900/mth combined, but market rents are $2600/mth combined. OR, you could fix it up and charge about $3000/ mth! 2. Fix and flip: Suggested rehab of $65,000; then legally subdivide and sell two sides separately. Appraisal in 2018 estimated ARV of $342,000 per side, or $684,000 total! Analysis estimates profit of $80,000 - $160,000; analysis available upon request. One unit is currently on a month to month lease, the other unit's lease expires this March, 2019. Profitable property either way you look at it!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy ofYour Castle Realty LLC