Duplex opportunity with slab vs conventional basement

[Rocco Buccasso]

Hello Everyone!

I have came across a duplex investment opportunity in northeastern Ohio. The specs are as follows; 3 beds, 1.5 baths per unit. Detached 2 car garage with a storage shed in the back of the property lot. The rent is on par with the area, but my main concerns are the property is built on a concrete slab vs a basement (I currently live in a property with a basement, and always have so I am partial) and the AC/Heat systems appear to be dated baseboard/window units.

What concerns should I be considering? Are these two items deal breakers in anyone’s mind, knowing that the property will be able cash flow positive and is located in a great school district?

Possible Pain Points with a Slab:

- Foundation issues?

- Repair and maintenance costs?

- Overall property value?

The units appear to have strong rental history at this point in my due diligence. How much of a discount would these items bring to the table in terms of negotiation?

Thank you for your input!