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Updated almost 8 years ago on . Most recent reply

User Stats

345
Posts
70
Votes
Craig Garrow
  • Real Estate Broker
  • Malone, NY
70
Votes |
345
Posts

Looking for Second Opinions!

Craig Garrow
  • Real Estate Broker
  • Malone, NY
Posted
I'm looking at a duplex locally, and want some advice on what you guys think it would be worth! Asking price: $49,000 Approximately 1400 square feet, so the apartments are a bit small, but has a detached garage, with an attached work shop area. Two 2/1 apartments - one up, one down. Rents are $600 and $575. Owner pays for heating oil (YTD was just shy of $1,500.) There is a common area electric meter that runs about $30/month. Taxes are $2,500 per year. $600 for insurance. Water and Sewer runs $60 per month. The owners are landlords who are looking to retire, and I'm trying to get owner financing on this property. Their Realtor says they're dug in at $45,000. How could I make this sweet for them? Thanks!

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