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Updated about 3 years ago, 10/17/2021

User Stats

54
Posts
35
Votes
Sam Collins
Pro Member
  • Investor
  • Houston Texas
35
Votes |
54
Posts

Advice on a multi family duplex

Sam Collins
Pro Member
  • Investor
  • Houston Texas
Posted

Looking to get some advice from everyone.

I am currently looking at this duplex built in 2014.

1,765 per unit

Each unit is 3 bed 2.5 bath. Mirror image of each other.

Sellers asking price: $330,000

Annual propert tax: $2,616

Rehab needed: $5,000 (just paint)

Average area rent: $1,000-1,400

Thinking to set my rent at $1,100-1,200 monthly

Has been on the market for 364 days. Did a walk through with his realtor today. Property is is excellent condition. Brand new exterior paint. Has separate power meters, separate water meters, and separate gas meters.

I am thinking on offering at $280,000 and would just like to get some feedback. Numbers in the picture is quoted off the sellers asking price with 20% down and 4% interest rate.

Thank you!

  • Sam Collins
  • Loading replies...