This is the ad for 31 Bramhall St only Please click on the link below to see the property thanks https://www.zillow.com/homedetails/31-Bramhall-St-1-Georgetown-DE-19947/2085776672_zpid/ The two duplexes are identical They both have two 5 BR 3.5 BA homes Two are rented to families for $1800 per month where they pay the utilities Two are room rentals for local blue collar workers Each small rooms are for $625x3=$1875 Each En Suites are for $850x2=$1700 So each shared homes bring in $3575/month The electric is about $350 and Water/sewer trash is about $125 making the total utilities less than $500 So the net is about $3100/month Small home is $850/month which will be torn down in the end when we build the duplex there. 31 A $3100 31B $1800 33A $1800 33 B $3000 29 Bramhall $850 Total monthly income is $10,450.00 $450 per month will cover the taxes and insurance We have month to month leases for most of them, old timers are there for more than 8 years and short timers are there for 6 months to few years. Georgetown is a very strong rental market, the city, county and states are ready to help us with the other three duplexes, due to the great need of affordable housing in this town. If my business partner did not pass away this was our retirement project. FYI only The bank notes are about $400K + The three finished lots cost us $110K each, so the lots are about $300K, there has to be a retention pond in the back of 29 Bramhall and resurfacing of the parking lot which will cost approximately $50K If you can convert all the homes into room rentals which is possible the max gross can be $30K/month, budget about 10% for collections and maintenance. That is how much I know if your client qualifies then we can talk more and maybe I can help her with the rest of the process. Thanks I am selling only one duplex 31 Bramhall St. Which I own personally. Hope this helps ! Suraj (Sunny) Gyani Affordable Housing People
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