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Updated over 12 years ago on . Most recent reply

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13
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0
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Chris Nwoke
  • Marietta, GA
0
Votes |
13
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Interested in Making a Deal on a Duplex

Chris Nwoke
  • Marietta, GA
Posted

Found this listed just a few minutes ago. It's a duplex in Atlanta listed for $99K. Here's the rundown on the financials:

"Rent Income:
$1570/month, $18,850.00/year. That include $100 water bill that I collect from 2 tenants.

Expenses:
Yearly Property Tax: $146.76 unbelievable!
Yearly Solid Waste bill: $76.14!
Insurance: $425/year!
Water Bill: Average $80/month, $960/year
Total: $1607.90!
Final Income: $17242.10/year!!!!"

3bd/2bt, newly renovated (the pics look really nice). And it says he's selling due to an emergency. Wasn't specific, but must be somewhat of a motivated seller.

Does this sound like it's worth pursuing? I'm guessing that my best bet would be to see if I can get it a slightly lower price.

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