1107 Franklin Ave


1107 Franklin Ave

  • 1107 Franklin Ave
  • 1107 Franklin Ave
  • 1107 Franklin Ave
  • 1107 Franklin Ave
  • 1107 Franklin Ave

$17,900

Money Making Duplex

A reliable income producing property will rent quickly. Currently vacant it needs $9000 in cosmetic repairs (Painting, flooring, windows) to make it rental ready. An awesome 27% Cap Rate. A good addition to any rental portfolio.

Purchase Price: $21,900
Repairs: $9000

To Acquisition + Repairs: $26,900

Monthly Expenses:

Taxes: $155
Insurance: $65
Water: $120
Maintenance/Landscaping: $50

Total Monthly Expenses: $390

Total Monthly Income: $1100 ($550 For Each Apt)

Total Monthly Cash Flow: $710

Annual Net Income: $8520

Cap Rate: 31%

Listing Type: For Sale

Zip Code: 15221

Bedrooms: 2X2

Bathrooms: 2

Living SqFt: 2,160