The owner had converted one of the floors (that had 2 units in it originally) into a single unit.

To start, the numbers:3 bedroom, 1.5 bath 1700 sq foot brick SFH with bonus room.Purchase Price: $59kAppraisal: $105k as is with estimated $124k after rehab.Renovation budget: $20k.Renovations include: new flooring in bonus room, kitchen and baths. total renovation of bathrooms, new cabinets, crown molding (to cover bad drywall job by previous owner), buff hard woods, paint exterior, paint interior, remove awning, remove side door and seal up, fix low spot in kitchen floor, and remove the non-permitted fire place.Estimated Rent: Initially I budgeted $950 per month based on another rental I own in a similar location, but  two houses on the same block were recently rented for $1200+.

Account Closed : We are renting out the top 3 bedroom flat of the duplex on an annual lease and living in the main floor flat. 

In all I've spend about $20k+ on renovations (New Roof, BR gut and remodel, furniture, driveway water softener, flooring, lakeside deck and landscaping.

It needs some cosmetic updates: flooring, countertops, appliances, paint, replacing a few roof tiles.

I do like that they are adding more office space, downtown needs it.

Hello BP,I have stumbled across a prime piece of commercial land that would be profitable to develop as multifamily apartments or retail space.

I'm just beginning the transition to larger multifamily, so any advice is helpful at the moment, and you seem very knowledgeable and proven in the space.

They are used as office/retail spaces.

It need s a on of work, floor leveling, roof replacement (rafters and all) a new bathroom to be rentable.