Need advice - duplex on sale in the bronx-bank owned

[Eva Marin]

HI everyone here! Need some help and advice here, I am not ready to buy right now but I wonder if this is maybe a good deal that I should not let pass.

I would like to hear your opinion here guys, would really appreciated. :)thanks.

Ok, I found this property online, I am trying to figure out if the numbers makes a good deal for this property.

____

it is a Bank Owned. Sold AS IS. located in the Bronx.

Asking price= $180,000

2 units (located in a block with SFH and duplex in ok conditions)

(unit 1- 2 BEd- 1 bath

(2 unit - 3 bed - 1 bath )

FUll basement

Acres: 0.0341 -Square Footage: 1,485

Estimated taxes -$2,800

The property needs repairs guessing $25k- really do not know at this point,

it is vacant, no tenants, I have not visited yet.

At this point I also do not know yet for how much I can rent each unit, I need

to find out too.

Running some CMA in the area other properties have been sold

for $250k or more.

I am suppose to talk to the person who has the listing tomorrow.

Thanks, appreciate any advice :) what you guys think?

Eva

Property Type:	Multi Family (2-4 Units), Attached
Stories:	2
County	Bronx

Style:	A-Frame
Community	Bronx