Single Family + Duplex in Awesome Location!
2 bed/2 bath SFH + duplex (2/1 units)
SFH: 760 Sq ft.
- The home is gutted, with brand new framing and flooring
- Electrical is setup and ready to go with its own meter.
Duplex: 1,230 Sq ft. total (separately metered!)
Fix & Flip:
Asking price: $211,000
Buy & Hold:
Asking Price: $211,000
Income: $800 per unit/month ($1600) + $1100 sfh/month = $2700
– $47.5/month tax – $80/month insurance
$2572.50/month *12 = $30,870
$30,870/$296,000 = 10.42% cap rate
Fixer-upper SFH and a duplex. All are separately metered.
Duplex currently has one tenant month-to-month. SFH is gutted with brand-new flooring and framing.
Both roofs redone in 2006 and in great condition. Both duplexes include refrigerators.
Location is close to highways and downtown Phoenix.
Can also be split into two lots, if preferred – cost is $600 (lot division) + $490.