Absentee Landlord selling Cash-flowing Duplex

[Greg N.]

Overview:

I'm offering up my absolutely stunning duplex, located in Palmyra, NJ, which is just minutes outside of downtown Philadelphia and situated amongst beautiful historic neighborhoods. I bought this duplex in Nov 2015 and house-hacked it for close to a year, however, I ended up moving to the West Coast for work and have been renting both units out for just over the last year. The duplex is professionally managed by a local management company, who have been absolutely amazing at taking care of the place. 

As of last week, Unit 2 is vacant making this the perfect opportunity for someone to purchase the property for home-hacking OR to fully rent the place. Fully rented, this is a cash-flowing property in GREAT condition.

Why am I selling?

I don't foresee myself returning to NJ and have decided to start investing on the West Coast. This house has been under agreement for the past 2 months, however, the prospective buyer backed out a few days prior to closing. As a result, the property will be put back on the market for a few more weeks. If not sold, I will rent out Unit 2 until Summer 2018, when it will be listed for sale again.

For more information

• Interested parties can view the listing on realtor.com
• For more information, please reach out to me personally via Biggerpockets or my email (nowicki.greg [at] gmail.com, or call the realtor (info on listing page)
• The previous prospective buyer had a home inspection report conducted a few weeks ago, this can be supplied upon viewing of the property to save time and money
• I also ran a quick report using the BP Rental Property Calculator (seriously, one of the best things on this site) to model out what the prospective buyer would have been making given their mortgage situation (FHA loan) and historical costs that I have seen from my end.