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Updated over 8 years ago,
Buy and Hold in Charlotte 28205
I have a good lead on a great buy and hold property in 28205 Charlotte. Its a duplex and there aren't any other duplexes around for good comps. Can anyone advise me on how to run the numbers for a duplex? Ive never made an offer on a duplex before and any insights from the group would be appreciated! Its an off market deal and its 100% occupied. I would consider it in excellent condition. Average rents around the area are 1100/mo. Don't know yet what the current tenants are paying.
HELP!!
Thanks