Description
POTENTIAL CASH COW! ESTATE SALE CBS DUPLEX. 1ST TIME ON MARKET IN 20 YEARS. GROSS POTENTIAL RENTAL INCOME = $42,000 per year, $5000 taxes, 2400 misc. = 9,.1% CAP RATE!!. Units Need Updating, solid CBS Construction.. this is a NO BRAINER!!! 480sQ Ft Detached Garage for??? This will go FAST! ,.. Jump On It!PROPERTY IS CURRENTLY IN PROBATE. NO OFFERS WILL BE REVIEWED UNTIL THE PROPERTY TITLE IS VESTED IN THE HEIR'S NAME. ATTORNEY IS DOING A SUMMARY PROBATE SHORT PROCESS SO IT SHOULD BE DONE BY EARLY JULY. UNIT 1 IS A 2BR/1BA 800 SQ FT RENTAL UNIT UNIT 2 IS A 4BR/2BA 1400 SQ FT RENTAL UNIT DETACHED GARAGE OF 448 SQ FT IS A FINISHED SPACE UNIT WHICH CANNOT BE USED AS LIVING AREA PER LAKE PARK CODE. ALL UNITS WILL BE DELIVERED EMPTY AT CLOSING WE HAVE 15 OFFERS AND THEY WILL BE REVIEWED AFTER TITLE IS VESTED. WE HAVE 2 CODE LIENS AND 2 OPEN PERMITS- OWNER HAS RETAINED CONTRACTOR TO CLOSE PERMITS AND MITIGATE FINES. NO SHOWINGS
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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2,190SQFT
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$173$/SQFT
School Information
Description
POTENTIAL CASH COW! ESTATE SALE CBS DUPLEX. 1ST TIME ON MARKET IN 20 YEARS. GROSS POTENTIAL RENTAL INCOME = $42,000 per year, $5000 taxes, 2400 misc. = 9,.1% CAP RATE!!. Units Need Updating, solid CBS Construction.. this is a NO BRAINER!!! 480sQ Ft Detached Garage for??? This will go FAST! ,.. Jump On It!PROPERTY IS CURRENTLY IN PROBATE. NO OFFERS WILL BE REVIEWED UNTIL THE PROPERTY TITLE IS VESTED IN THE HEIR'S NAME. ATTORNEY IS DOING A SUMMARY PROBATE SHORT PROCESS SO IT SHOULD BE DONE BY EARLY JULY. UNIT 1 IS A 2BR/1BA 800 SQ FT RENTAL UNIT UNIT 2 IS A 4BR/2BA 1400 SQ FT RENTAL UNIT DETACHED GARAGE OF 448 SQ FT IS A FINISHED SPACE UNIT WHICH CANNOT BE USED AS LIVING AREA PER LAKE PARK CODE. ALL UNITS WILL BE DELIVERED EMPTY AT CLOSING WE HAVE 15 OFFERS AND THEY WILL BE REVIEWED AFTER TITLE IS VESTED. WE HAVE 2 CODE LIENS AND 2 OPEN PERMITS- OWNER HAS RETAINED CONTRACTOR TO CLOSE PERMITS AND MITIGATE FINES. NO SHOWINGS