Classifieds
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago on . Most recent reply
****GREAT INVESTMENT PROPERTY FOR SALE**** Oshkosh, WI
I currently own (2) duplexes on one lot in Oshkosh, WI and after owning the property for about a year now, I am thinking about selling (I'm an out of state investor (Boston area), and have decided to focus more on things closer to me, as well as a different investing strategy) so I am beginning to test the waters to see who might be interested. I don’t need to sell the place, but since I am refocusing my efforts more close to home, I figured I would gauge interest.
As for rough numbers, when fully occupied, the gross rents are around $1820/mo. The property is (2) duplexes on one lot, both uppers and lowers, in duplex #1 the upper and lower are both rented out for $395 (upper) & $500 (lower) with leases for each. Duplex # 2 was rented out as one unit for $925 w/lease but the tenants left at the beginning of this month because of health related issues. My property manager is currently showing the place and expects to have it rented by the end of the month. In duplex #1 the utilities are split 50% for the lower and 30% for the upper, with me paying the common areas (20%) in duplex #2 the utilities were paid by the tenant. Water/Sewer is around $100/mo (will check on that as I don’t have the bills in front of me). Right now my property manager charges me 10% to manage everything.
I have done a lot of maintenance/remodeling since buying the property, rebuilt furnace, painting, miscellaneous repairs both exterior/interior, and all of the main (big ticket) items are in good shape (roof, siding, mechanicals). The only thing that may need to be done at some point is to replace the roofing on one garage, and if I were to keep it long term, maybe think about doing the windows at some point.
The best number to call me is on my cell phone 978-257-5467, and you can call anytime. Thanks for your interest.
Best,
Khouri Rice [email protected]
As for rough numbers, when fully occupied, the gross rents are around $1820/mo. The property is (2) duplexes on one lot, both uppers and lowers, in duplex #1 the upper and lower are both rented out for $395 (upper) & $500 (lower) with leases for each. Duplex # 2 was rented out as one unit for $925 w/lease but the tenants left at the beginning of this month because of health related issues. My property manager is currently showing the place and expects to have it rented by the end of the month. In duplex #1 the utilities are split 50% for the lower and 30% for the upper, with me paying the common areas (20%) in duplex #2 the utilities were paid by the tenant. Water/Sewer is around $100/mo (will check on that as I don’t have the bills in front of me). Right now my property manager charges me 10% to manage everything.
I have done a lot of maintenance/remodeling since buying the property, rebuilt furnace, painting, miscellaneous repairs both exterior/interior, and all of the main (big ticket) items are in good shape (roof, siding, mechanicals). The only thing that may need to be done at some point is to replace the roofing on one garage, and if I were to keep it long term, maybe think about doing the windows at some point.
The best number to call me is on my cell phone 978-257-5467, and you can call anytime. Thanks for your interest.
Best,
Khouri Rice [email protected]
Offering