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Updated about 1 year ago,
Would you buy this?
Would you buy a duplex for $190k in a rural town in Ohio? I want to see if my property can make sense for someone at $190k.
3/1 on each side. $1250 sq Ft on each. New roof, furnaces, water heater. No gutters. Both have basement with washer dryer hookups.
One unit occupied for $850/mo. Market rent is $950. Other side is vacant and a buyer could move in to it. Remodeled and painted. Large kitchen.
It seems $190k with Market rents of $950 each could make sense for an out of state investor who pays all cash.
However, with a mortgage it would probably make more sense for an owner occupied. And the one side paying $850 could be raised a bit and help off set the cost.