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Duplex has been renovated with new kitchens and bathrooms on both sides. One side is a 2bd 1ba and the other side is a 1bd 1ba. Currently rented for $750 on each side for a total of $1500. We will use the money to purchase another cash flow property and make minor renovations to the exterior of this property. This would be an interest only loan based on 30 year with a balloon after 5 years. Pre-payment penalty if paid off before 2 years of 1%. Current Value based on comps $245,000 to $250,000.
$180,000
Sep 22, 2023
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