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This is a great opportunity to either fix hold or flip, or tear down and build new. Rare to find a double lot in this area. 3 bedroom/1 bathroom with a 1 bedroom, 1 bath next to that you can rent out to make extra money. Large, covered carport in the back yard you can use for your projects.
This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.