Here is a great opportunity in wine country of upstate New York!
I have a duplex (2/1 on each side). Most of the hard work is done and is ready to be finished and rented. This duplex will be extremely easy to rent, and Canandaigua is a great, safe, city. The house is two blocks from main street, has a nice park across the road, and there is a bus stop right across the road as well.
Here is a list list of stuff that has been done so far.
Side 1:
- raised the ceiling in the kitchen
- tore off a dilapidated back porch
- replaced the roof over kitchen
- updated the HVAC duct work
- new shower installed
- all new plumbing
- built a laundry room off of the kitchen
- new exterior doors
- foundation repaired
Side 2:
- completely gutted....everything!!! and then rebuilt
- all new framed joists, sub flooring, and walls
- all new plumbing (the entire system from where it enters the house)
- all new HVAC system (brand new high efficiency furnace and ductwork )
- new stairs
Here is what still needs to be done, and with quotes that I have this far
- new electrical- $4500 (you may be able to use the old stuff, but since the walls are open I recommend that you replace it
- Drywall- $6500 for everything
- Siding- $3500 ( the siding on the house is fine, and I have tons of left over to use to repair any areas damaged from rehab, this quote is if you want to redo the siding...up to you)
- Cabinets- I have plenty of higher end cabinets that I can through in if the deal is good
- Flooring- Depends on how you you want to finish it, i have nice porcelain tile that I will throw in if the deal is good.
- Windows- There are some with broke glass that be repaired, but I highly recommend just replacing them, I believe there is 16 windows. My contractor will install them for you at $100/window.
The remaining rehab is ~$17,000 depending on how you go in regards to quality of materials. I am happy to send you the quotes, and I work only a few minutes from the house and I would be happy to let any contractor in if you want to get more quotes.
Further, I have a great property manager to recommend and I got the rent amount from numerous property managers.....all saying that it is a very easy rental to fill.
Lastly, I know I will be asked as to shy I am selling. I have a few projects going right now, and would like to pass this on to someone. I am putting a six unit multi-use building under contract this week and would like to pull my money from this deal to use for that. If it doesn't sell I will definitely finish it and hold it.
Please feel free to contact me if you have any further questions.
