Property Description:
Duplex. Two bedroom upper, 0ne bedroom lower. New siding, windows, roof, most of front porch, water heaters, bse board heaters. New renovation lower unit, with washer/dryer hookup. New appliances lower. Blink security to let you keep an eye on it 24/7. Upper tenant has been there at least 9 years, $625mo.(because of his long history), lower has been with me a year and moving over from other building, $725mo. Both new 1 yr leases. Landlord pays water, $100mo. and garbage $35mo. Taxes $1112yrly. NOI approx. $13,000 annual.
Terms. Sale price $110,000 with $60,000 cash down, $50,000 on 42 month interest only at 6% ($301.75), Ballon at the end, $50,000. or Full cash option $120,000. Immediate closing . I have 2 other deals I'm working.