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Updated about 6 years ago,
Should I purchase this duplex?
Hello all,
I was hoping you could assist me...
I am looking into purchasing a duplex and please let me know your thoughts if this duplex is a good purchase.
List price: $117,500
Current tenant occupied: Each side pays $750/mo
Year built: 1984
Located in a “C” neighborhood
Needs a new roof but owner is willing to replace
Total PITI: ~$700/mo on a 30 year fixed conventional loan
Not in a flood zone
Would plan to make the property more cosmetically appealing and raise rents to $800/mo as the current tenants are not so clean.