Looking for Second Opinions!
I'm looking at a duplex locally, and want some advice on what you guys think it would be worth!
Asking price: $49,000
Approximately 1400 square feet, so the apartments are a bit small, but has a detached garage, with an attached work shop area.
Two 2/1 apartments - one up, one down.
Rents are $600 and $575.
Owner pays for heating oil (YTD was just shy of $1,500.)
There is a common area electric meter that runs about $30/month.
Taxes are $2,500 per year. $600 for insurance.
Water and Sewer runs $60 per month.
The owners are landlords who are looking to retire, and I'm trying to get owner financing on this property. Their Realtor says they're dug in at $45,000. How could I make this sweet for them?
Thanks!