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Approved plans are ready for an outstanding duplex build on 3 vacant lots.This incredible deal fits any home buyer wanting to live on 1 side and rent the other to cover his mortgage, any investor who can enjoy 7.8% net return or any developer to build this duplex and sell for retail prices once completed. Calculation per duplex: Land $45,000 + Soft Costs (inc all fees) $15,000 + Construction Cost of $210,000 ($65/sqft). A total Investment of $270,000 for an entire duplex. Current market study is showing sales of $110/sqft at $179,000 and rents of $1,350+ for an 1,627 sqft 3/2 newly built modern duplex unit (with a 1 car garage, back porch and very large size back yard.
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Listing information last updated on June 6th, 2020 at 4:55pm EDT.