LIVE AUCTION
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ARV: $329,000
Type
Multi Family
Beds
4
Baths
2
Sqft
2176
Year Built
1909
2-unit building with one unit currently rented at $1,500/month with a great tenant. Second unit ready to rent. Laundry is in the basement, and the detached garage could be rented out for additional income.
Front and back stairs need some work, contractor's bid is $8K + materials (est. $5K).
Open to selling on terms for $299K at 0% interest ($755/month payment) with a $70K down payment and balloon in 8 years.
Revenue potential of $3,600/month! Owner expenses of Taxes, Insurance, and Water only about $775/month.
Net Profit potential (on terms sale) of $2,070/month.
30% Cash on Cash Return!
Current Winning Bid
$260,000
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Questions & Answers
Q: Hey I have an investor for it so for 299k you will do 0% interest ?
A: Correct. The entry fee would be $70K + closing cost and the remaining $229K would be at 0% interest with payments of $755/month and a balloon payment due Feb 2034. If you want to move forward you can reach me via email at Steve@Level19Homes.com
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