Beds: 3 Bath: 2 SqFt: 1568
ARV: $299k Repairs: $15k-$20k
$235,000+cc
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SODO Duplex, Zoned R-2 T in downtown Boone/Blankner school district. The 1/1 back apartment has a great tenant who wants to stay. The apartment needs no work and is kept very well. Tenant does have a lease. The front 2/1 will be vacant at closing…tenant is vacating 10/31. The front is in need of work to make nice…about $5-8K. Overall the property has been well maintained but will need a new roof and some outside work estimated at $10K. Front 2/1 rents for $1,200/month and is in high demand. ROI can easily be $2,400/month for the landlord investor. Being that this is a unique duplex property, sales comps are difficult. However, flip investors can reasonably expect a sales price in the $299K range, depending on the quality of the rehab completed.
Comps:
- 721 Yates St – 5/3, 2,015 SqFt – SOLD $285,500 10/1/2018
- 1214 Warwick Pl – 5/3, 1,868 SqFt – SOLD $303,000 12/11/2016
- 1947 Essex Pl – 5/3, 2,318 SqFt – SOLD $309,900 5/16/2016
