We purchased a empty lot with multiple offers in hopes to build a 2 unit duplex (8 bedrooms 8 baths total).
- Mini Split HVAC (room-by-room control)
- Granite and Stainless Finishes
- Showers for each bathroom
- Indoor Stacked Laundry
- Waterproof flooring (no carpet)
- Planning Documents/Permitting
ROI & OUTCOME
Unit 447 Income $30,420/year (4bed/4bath)
Unit 705 Income $30,420/year (4bed/4bath)
Gross Increase $60,840/year
Grand Total $550,000
Market Value $650,000+
11% Cash on Cash Return
18% Appreciation on Completion
4 bedroom unit with 4 private baths, attached to each room. Built with low maintenance durability in mind, waterproof floors, no carpet, instant hot water heaters, mini split heat/cool controller per room. This unit has a large balcony and covered porch looking over 7th street. Parking is to the left with 3+ spots and pull through to a rear driveway.