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Archived almost 5 years ago

$40,000

4 bd 2 ba 0 sqft

48 Walnut St, Gloversville, NY 12078

Residential Duplex Occupied

Current Rent **

$1,200

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $550
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $650
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

OWNER FINANCING AVAILABLE Occupied Duplex in NY (BACK ON THE MARKET)

NEW PICS AND UNOCCUPIED UNIT CLEANED OUT AND READY FOR NEW RENTER
LAST DEAL FELL THROUGH!!! BACK ON THE MARKET!!!!

Upstairs occupied and bottom floor is vacant. Section 8 upstairs HUD approved receive the Section 8 funding every month for $530 tenant pays ($20). Bottom floor can rent for $650 once occupied. Tenant pays for all utilities.

Will send over inspection report per request. Will send you Property Management information per request.

I am selling because I am trying to focus on larger unit properties closer to home (I live in VA).

I am the owner, not the wholesaler. I get a lot of inquiries so please serious inquires only and please be willing to close quickly.

45K OBO!

Expenses:
Taxes-2300
Insurance-1700

FINANCING INFO:

10K down
$208.59 per month
40 year amortization
(taxes and insurance would be the buyer's responsibility)
Payoff by March 2021: $29,767.06

Location:

48 Walnut St, Gloversville, NY 12078

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.