Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

9
Posts
0
Votes
Hugo Cardona
  • Contractor
  • Miami, FL
0
Votes |
9
Posts

What do you think? Super deal Duplex in Florida with some downfal

Hugo Cardona
  • Contractor
  • Miami, FL
Posted

Hey Everyone, 

I have come across a deal which seems to be good but want to get everyones opinion and if they have dealt with the following:

The asking price is $265,000, I am offering $245,000. 

it is a duplex, the 2/1 rents for $1350, and the 1/1 rents for $900. It has an oversized lot which I can rent to an RV or boat. 

The roof is pretty much at its age, 20 years, and would cost about 7k to replace. It looks good now, no leaks so instead of getting it replaced as part of deal, I am asking for deduction on price. Also, to make it livable, I would have to add about 6k in each one. it has the box AC units, and look pretty old so I want to change them to the wall mounted ones. 

In the rent includes garbage and sewer, tenant would pay for electric. 

It has really bad windows as well, which would have to be fixed or replaced. 

Thanks, 

-H

Loading replies...