Property Details:

Bed: 5-6
Bath: 2
Property Type: Duplex
Square Footage: 2,313
Structure Type: Bungalow
Lot Size: 10,980Sf
Units: 2

Composition:

Electric Service: 100 Amps , Split
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Roof: Shingle
Cooling Type: None
Heating: Forced Air
Foundation: Poured concrete slab on basement, walls are block
Sewer: Public
Type of Parking: Street / Unfinished Driveway

Exit Strategy:

This Milville cash flow machine is an affordable duplex that can generate up to $3,600 in gross rental income monthly. It’s a perfect blank slate for any
contractor or experienced investor to come in, renovate, and start generating rental income. The property is demo’d with some initial renovation stages
having begun. The upstairs unit is extremely spacious and can fit between 3-4 bedrooms no problem. The downstairs unit will allow for up to 2 bedrooms.
This property sits on a spacious cornet lot with an ample yard, driveway, leaving potential for a dettached garage or possibly further development. The
ideal exit strategy for this property would be to renovate, fill with tenants, and then cash out refinance down the line. The affordable annual taxes and
affordable entry point on this property makes there a lot of spread on any potential monthly rental income.

Financials:

Estimated Rent: $1900-$2000 upstairs, $1400-$1600 downstairs
Estimated Rehab: $75,000
Estimated Market PPSF: $100.21 – $108.71
ARV: $230k-$240k

Asking Price: $135,000