Excellent cash flow property in desirable Point Breeze with 8-10% return with 20% down. Fully rented, with strong tenants. This building was recently upgraded, the owner has done all of the heavy lifting including wiring, kitchens and baths. The bonuses on this duplex are the small garage in the rear and the patio above it. This is a rare inside corner investment property. 1st floor is a large 1 bedroom with a newer eat-in kitchen, modern bath and garage access from inside. Rented for $1,025 monthly. The bi-level second floor 4 bedroom unit has a large living room with wood floors and new kitchen. A separate laundry room plus roof deck. Rented for $1,650 monthly. Tenants pay all utilities except for water. Basement is unfinished but has storage and utilities and meters. Window air conditioning, washers, dryers included. Showings by appointment only. Leases will be provided with a bona fide offer that includes a BFI and proof of funds.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.