Bucks Cty PA: sell or continue renting townhouse advise

[Michelle Romano]

Hello - I purchased a town home in 1996.  I lived there for 10 yrs and rented for the next ten. Tenants moved out in November.  In the last ten yrs. I was able to  take a Line a credit on the home and complete 2 flips and purchase another rental in the city (Phila) that is currently rented.   My personal and financial situation took a turn and I do not have any capital to maintain either rental .  The vacant property needs upgrading and not sure what to do. The numbers are as follows:

Purchased 1996:      $141,000

Rate:     6.75%. ( I know).    Mortgage: PIT only. 955.34

Line of credit balance due:   $ 57,000

Rate:   3%.     Monthly payment varies: sometime I pay interest or add $150.00 principal  ( interest only until 2018)

Insurance yr: 920.00. HOA: 22.00 mo.

Currently listed for rent:    $1800.00

Depreciated over the past ten yrs.

If I sell:  Estimated price  AS IS (without buying new appliances etc).   $270-275k

I would sell myself since I have a.RE license in a referral company and give buyers agent 2.5 -3%

The capital gains are a problem estimated per accountant :  28k !!

I would pays off my cc debt 13K

Since the house is 20 yrs old if the roof needs repair or AC unit goes then I have to take money from line to pay.  If I sell and pay off my debt I would end with approx 60k and have piece of mind .  I am single an do not have the additional income to maintain the properties.

Any advise is appreciated.

Thank you,

Michelle