Somebody was mad when they moved out of this one.
I stopped by to see this duplex yesterday and made a video of both sides. This is a hot deal because when I arrived and got out of my car an investor was already walking about the property. Since I was going in he asked if I would allow him in with me, which I did. While we were there another lady asked if she could come in and sneak a peek too.
This property is listed at $88,000. The investor and I both agreed upon our inspection that we estimated it would take about $20,000 to fix it up to a nice “rent ready” condition. The Pro-Forma Cash Flow Figures are here. These figures are based upon a “hypothetical” sale at $120,000 because that’s probably what you will have into it when it’s all said and done.
You will either gasp or at least raise your eyebrows when you see what someone did on the left side of this Duplex.
Actually… it’s really not that bad if you are a seasoned investor, because I have seen much worse.
Make it a great day…
ED FAVINGER, Broker, CRS, GRI Favinger@rwnetwork.com 916-203-1260