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Updated over 7 years ago,
Check out this deal for me...thoughts?
Check out this deal. I ran the numbers and it looks like another potential for me. I ran through the calc and if I do all cash it would cashflow ~$450/mo...Owner doesn't want RE Agents involved....wants all cash, quick close. So that kind of makes me question...but what do you guys think? Assuming no major CAPEX projects, this looks like a no brainer, right? Other things I should look at? research?
Well kept duplex (2 family) with immediate income potential. Long term tenants (14+ years), and upper apartment was recently renovated. Current rental income $1145/ month.
Taxes are approximately $1100/ year. Landlord pays utilities- approximately $200/ month.
2 stall detached garage in great condition used by landlord only.
2 bed, 1 bath upper and lower.
Rare opportunity- motivated seller!