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Updated over 10 years ago,
Exit Strategy for a 1br duplex
Hey all, I was approached last night about a seller financing deal for a 1/1 duplex in Madison, WI. At this point I don't have the details to actually analyze the deal, but was hoping to get advice on exit strategies for a property like this. Being new and not knowing the Madison market well, I could use the guidance.
It seems to me that being a 1/1 duplex, if I ever needed/wanted to sell, I might have a very hard time.
What I do know (And this is off the rental flyer that was passed on to me):
Rent: 865/mo/unit
Updated/Clean Property - from the pictures it looks newly renovated or well kept.
Large living room
hardwood floors throughout, ceramic in kitchen.
Off street parking
Neighborhood Park Nearby
Location: Near East High School
Again, I haven't talked numbers whatsoever since time didn't permit, but before I call to get more info, I'd like to get a good idea of an exit strategy.