This Duplex comes with 2 bedroom 1 bath in each unit, separate heaters, Electric, ETC. One side of the duplex is in good shape, would need about 7k to get rent ready. The other side is completely gutted and will need about $55k worth of rehab. House located in good school system, this house once rehabbed can bring an excellent cashflow profit every month for years to come. Taxes for this Duplex are only $4774, each unit can rent between $1,000 – $1,100.
Gross Income – $26,400
5% Vacancy – $1,320
Taxes – $4,774
Insurance – $1,000
Net Income – $19,306
ROI – 15% (Return on Investment)
CALL OR TEXT JOHN JARAMILLO 908-759-3161
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John at 908-759-3161. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.