| CASH FLOW KING-only $28,900 for 7 bedroom Duplex in Decatur, IL |
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Ad Information |
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| Classified Id |
GZXXWJDB |
| Asking Price |
$ 28,900.00 USD per item or Make offer |
| Quantity |
1 item (used condition) |
| Tax |
Taxes are not applicable |
| Shipping & Handling |
| Shipping is not applicable |
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| Payment Terms |
| Will discuss |
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| Seller accepts: |
 Will discuss |
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| Renewed Date | 25-Sep-2008 12:15:59 PM EST |
| Expiration Date |
25-Oct-2008 12:15:59 PM EST |
| Email this ad to friends - Report abuse |
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Seller Information |
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| Chelex member since 24-jun-2008 |
|  Lombard, Illinois, USA |  Phone:(630) 268-0300 |
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Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
No sign in is required. |
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Classified Details |
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 | This property is located on a major east-west side street of Decatur; great exposure for finding new tenants.
Unit 1: 4 bedroom (or 3 + study), 2 bath, Rents for $550/mo
Unit 2: 3 bedroom (or 2 + study), 1 bath, Rents for $450/mo
$1,100 monthly income
- $240 estimated mortgage
- $100 tax
- $67 insurance
- $25 utilities (paid by tentants)
- $55 property management
= EQUALS A POSITIVE CASH FLOW OF $613/MO!!!!
(Or $558 with vacancy)
Needs approximately $12,000 of rehab. Partil rehab was completed by previous owner, including interior painting and kitchen cabinets that are ready to install. Windows need either repair or replacement for Section 8 housing, plus carpet and other small upgrades. Property is being sold as is. No major repairs needed, mostly upgrades and some improvements.
Local realtors, contractors and property managers are ready and willing to work with new owner. Let's make this a successful investment experience for you! |
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