Want a duplex without the hard conversion work?
And how about a $200,000+ discount too?
House prices have stabilized for several months. Please take advantage of these discounted deals while you still can. I don’t want you kicking yourself in six months because you missed buying the dip.
How can you profit?
1) Just buy it and start collecting rent cheques. Currently rented for $1840 for both units. Market rents for a property of this type are approximately $3000/month total. As tenants move out you can renovate, raise rents, refinance and hold this profitable property.
2) Politely encourage tenants to move or offer “cash for keys”. Then bring in new tenants to pay market rents.
3) Realtors – we’ll pay you 3% on this deal! If you want even more, show it to your clients at a price of your choice. They’ll still be getting a discount.
SUMMARY:
– LOCATION: Brantford, ON (St Paul Ave & Terrace Hill St)
– NEW! REDUCED! PURCHASE PRICE: $318,900 Or Best Offer ($100K PRICE REDUCTION) You can treat your tenants to several months rent at their new apartment with the money you’ve saved on the buy. Be generous, and get new tenants in at market rents by springtime.
– AFTER REPAIR VALUE: Mid $500s
– CLOSING: January 2, 2023 (This is an assignment sale.)
– TYPE: Legal Duplex
– BEDS/BATHS: Each unit has 2 beds/1 bath, rented at $1840/month altogether. Market rents are around $3000/month for both units.
– PARKING: 1 spot
– BASEMENT: Unfinished. Main floor tenant has access.
– SQFT: 1610 sq. ft.
– LOT: 34′ x 120′
– AGE: 1900
– PROPERTY TAX: $3150
RENOVATIONS NEEDED:
– Currently tenanted with long term tenants. You can save updates for turnover time.
– One kitchen needs updating.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Legal duplex. No conversion necessary.
– Current property manager would probably be thrilled to stay on, if you like.
– Chance to purchase this property and a nearby 4plex together.
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang & Josea Paul
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors |