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Duplex in Gainesville at Cheap Cash Price! (Gainesville)
0BR apartment available aug 21
Gainesville, GA 30501
Price: $53,900 Cash only
This is a siding two story duplex which was built in 1900. Property has two separate units each 2 bedrooms and 1 bathroom and sits on a nice level 1 acre lot. Both of these units need some TLC but nothing major. I recommend a very basic type of rehab to get back in rent ready condition; est. = $11k. You may also want to spend more by adding upgrades which would significantly increase monthly rents but we are keeping this on the conservative side.
Tax value of $50,391 with 2013 taxes of only $430. This is a buy and hold deal or rehab and place tenants and sell to another investor as a turnkey!
Net ROI - $500x2x12 = $12,000 rents
Annual Taxes = $430
Est. Insurance = $600
Property Mgmt. = $80/mthx12= $960
Net Annual Cash = $10,010or 15% ROI
- do NOT contact me with unsolicited services or offers