Description
*Turnkey remodeled DUPLEX, both units sold together. Live in one side and rent the other or rent both. *New roof June 2021 *New egress windows for both garden-level bedrooms *Water heater in garden-level replaced in 2021 *Vinyl windows in both units *Driveway Parking: 3 cars cars *Backyard can be kept as is, divided with fence to create private yards for each unit or an ADU could be built (Zoning E-TU-C allows for ADU, 2-8 units, buyer to verify.) RENTS: *Current garden-level lease in place until 6/15/22. Rent is $1,370. Tenant wants to stay. *The upstairs unit, 3435, rented for $1,486/month as Section 8 and the unit had a complete overall since then. Rentometer supports rents of $1,850 for nicer 2 bedroom/1 bath duplexes in Westwood. No rent increase upstairs since 2019 and it was not in good condition when rented. Great opportunity to increase rents in both units. Cap Rate Calculation: proforma up 1,850,down 1,420=39,240 gross NOI=30,678 1,692 annual tax 1,812 annual insurance 750 water estimate 3,131 maintenance at 8% 1,177 vacancy at 3%
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4BEDS
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0.15ACRES
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2BATHS
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01/2 BATHS
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1,490SQFT
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$403$/SQFT
School Information
Offered by Your Castle Realty Llc.Description
*Turnkey remodeled DUPLEX, both units sold together. Live in one side and rent the other or rent both. *New roof June 2021 *New egress windows for both garden-level bedrooms *Water heater in garden-level replaced in 2021 *Vinyl windows in both units *Driveway Parking: 3 cars cars *Backyard can be kept as is, divided with fence to create private yards for each unit or an ADU could be built (Zoning E-TU-C allows for ADU, 2-8 units, buyer to verify.) RENTS: *Current garden-level lease in place until 6/15/22. Rent is $1,370. Tenant wants to stay. *The upstairs unit, 3435, rented for $1,486/month as Section 8 and the unit had a complete overall since then. Rentometer supports rents of $1,850 for nicer 2 bedroom/1 bath duplexes in Westwood. No rent increase upstairs since 2019 and it was not in good condition when rented. Great opportunity to increase rents in both units. Cap Rate Calculation: proforma up 1,850,down 1,420=39,240 gross NOI=30,678 1,692 annual tax 1,812 annual insurance 750 water estimate 3,131 maintenance at 8% 1,177 vacancy at 3%
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