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Updated over 9 years ago on . Most recent reply
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Duplexes in Phenix, Alabama - How to really analyze this deal?
So I'm going to Phenix, Alabama this weekend to check on 4 duplexes (vacant)
Requires some cosmetic works, floor, paint, windows and there's a hole in the roof about (3ft by 3ft) for all the units. Sale price right now is about 180,000. I did some research and rent around here is about 476-511. These duplexes are about 1 mile from the college campus. Appears to be a C-->> going toward a B neighborhood (at least that's what the seller said,,of course right?)
I'm trying to get the property owner financed.
Has anybody dealt with something like this and what was your experience like?
The numbers look good but I don't know if this is really a great deal?
What are your take on this Bigger Pockets?