Two-Family Home only 39,995-
been in family for over 30 years that's why I had over 25k of work done to building .
just spent over $25,000.00 in house such as :
$4,000 just replace main water line from street to house
$5,800 just replace 1/2 roof (weather side of house-other side ok but will need to be replaced).
$3,500 just replace plumbing with pex pipe (so don't freeze) from basement to 1st and 2nd floor .
$2,500 just replace main cast iron drain pipes and other drain pipes with plastic
$3,500 replaced electrical to new breaker panel and basement electric up to to 1st and 2nd floors
$3,800 just put in new furnace and vented out side of house(for better venting)
new locks for all window, all window painted inside,smoke detectors for all rooms, carbon alarms, security system by simply safe etc needs some minor work...GREAT BUY!
2/1 down stairs rents out at $650
3/1 upstairs rents out for $750
rent entire house out for $1395
$1,000.00+ profit a month.
Live in one unit for free and rent other unit out to pay mortgage and expenses.
OR-You can also just live in entire house a lot cheaper than renting.
sample of bills/please verify on your own
Water average: $102.00 per month
Elect/Gas average: $165.00 per month
Taxes average: $2,200 per year $183 month
Located at the corner of Murray St and Dickinson St Binghamton NY 13905
The house has separate electric for upstairs and down stairs
however only1 furnace(gas) that feeds heat to both units -
Good investment property or first time owner ,you can live rent free while renting one unit.