Property Details:
Purchase Price: $772,500
Rehab: $40,000 to finish DADU
ARV: $1,050,000 with finished DADU
Property Specs:
BEDS: 6 BATH: 2.25 SQFT: 2302 LOT: 0.25 acres, zoning Zoning: UR3 (Can do up to 4plex, apartments, or townhomes)
Top unit 1,202 sqft 3 bed/1.25 bath (Separate meter)
Bottom unit 1,100 3 bed 1 bath (Separate meter)
DADU 680 SQFT (All utilities connected) (Separate meter)
Info about remodel:
New roof
New lvp floors (Bottom unit)
New drywall (Both units)
New shaker cabinets in kitchen (Both Units)
New quartz countertops (Both units)
New windows (Both units)
New paint (Both units)
New Door and window trims (Both units)
Facts about property:
Fully remodeled Separately Metered Duplex, with 680 sqft separately metered Dadu with all utilities connected.
Dadu needs cosmetic finishes inside in order to make it an official DADU
Dadu can be rented out for about $2,000 once finished.
Finishing the DADU will bump up the ARV to $1,050,000 and turn the parcel into a triplex.
You can rent out each duplex unit for $2,500, DADU for $2,000 for a total income in rents of $7,000.
Duplex is 95% high end luxury remodel.
Duplex needs minor work to finish such as:
(Bathroom vanity, touch ups on floors and minimal siding work (4ft piece missing).
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Sq. footage |