Duplex + SFH (Same Parcel) - Charlotte, NC - $150k
Unique Investor Opportunity! Duplex + SFH home on same parcel of land (must be sold together).
331/333 Jones (Duplex) - Each side will rent for $700/month - Each unit 2BR/1BA (4BR/2BA total)
3214 Kalynne St (SFH behind duplex) - Needs $25k in work (can provide cost breakdown) - Will rent for $800/month
Duplex Cash Flow - $1400/month
SFH Cash Flow (once repaired) - $800/month
Total Cash Flow - $2200/month
Estimated ARV - $230k-$245k
*Please note, serious investors only as this property will need creative financing (cash, hard money, etc.).
Most Popular Reply
Just to help you out here: An updated picture of the place is preferable. A picture from 2015 kinda tells me I should approach this with caution. I also don't want to assume any laziness. You're using the term cash flow incorrectly. Cash flow is the money left over after all expenses. In this case, the $2,220 is the gross income, not cash flow. Also, you should also give as much detail about the SFH as you did with the duplex (bed & bath count) to present a more organized sale.
Charlotte is a hot market so hopefully, you get these babies sold. Good luck!