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Updated about 6 years ago, 11/03/2018

User Stats

7
Posts
1
Votes
Ryan Eder
  • Rental Property Investor
  • Wilmington, NC
1
Votes |
7
Posts

Single Family Downtown v Townhouse near base

Ryan Eder
  • Rental Property Investor
  • Wilmington, NC
Posted

The wife and I are looking to buy our first property.  Right now we have an opportunity to buy a single family 2 bd 1 bath downtown.  The house is in an area that is going through gentrification.  Close to a college and breweries as well as a close walk down to the river where everything is happening.  The seller is asking 125k which is well within our price range.  Our other option is 180 degrees out from the single family downtown.  It's a 2bd 2ba townhouse close to 2 military bases and is listed at 57.5k.  Right now I think I'm leaning towards the downtown house based on the fact on how quickly the area is changing which will lead to property value increase as well as increased rent prices.  Just looking for everyone's thoughts and opinions.  Thanks!