Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

29
Posts
14
Votes
Alison Lee
14
Votes |
29
Posts

225k for three duplexes

Alison Lee
Posted

Here's the situation: I can buy three duplexes for a total of 225k. The rent roll is small @ $375/door or $2,250 total per month. Property taxes would be roughly 2k per year, maybe $2500 at most. 

They are 40 years old and two of the three need a new roof. The seller said he would actually put these roofs on for me if I decided to buy them...meaning it would be included in the 225k. They are all full and typically have a waiting list according to him. Seller is 70 and wants to sell because of health/age. 

I feel like they need to be $450/door. He already stated to the renters that it is going up to $400/door upon new roof being put on. They are in average to above average shape. I walked them the other day and they're not dumps be any stretch. 

Thoughts??? 

Loading replies...