465 Charleston Lane (SOLD)

All brick two storey townhome duplex. One side rented at $650 per month. Potential to rent other side for $700 per month. Tenant pays all utilities. Each unit is a 2BR/2.5BA.

All the cash you need to purchase this unit is two months mortgage, finders fee, and closing costs.

Outstanding loan balance is approximately $113,966. Tax appraised value is $169,000. Loan payment P&I is $824.98. The mortgage is a 30 year fixed with a 7% interest rate.
Side A – Rented $650
Side B – Rented $650
Insurance is only $655 per year.
Finders fee is $2.5k paid by the buyer.

FMV on duplexes in this neighborhood $130k to $160k on 465 Charleston Lane