Duplex Analysis help!!

[Rick Baker]

I have an opportunity in a great neighborhood in Dallas and need to know if it is a good deal. This is a duplex in a desirable neighborhood with million dollar houses all around. The home is in good shape but a little dated but the house needs some foundation work. One side is rented for $1800 a month and the larger side is vacant. The duplex is 3871 sqft and there is an opp to sell the vacant side but continue to rent the occupied side. Comps show that the other side could sell for around $375k and I can get the both sides for $505k. Thanks for any insight you can provide.

[Kenneth McKeown]

@Bill Plymouth I'm not purchasing half a duplex myself as an investor unless I can foresee myself being able to acquire the other half. Too many issues with shared fences, shared foundation, roof, etc that if something needs done... trying to work with another owner is difficult. I'm also not a fan of townhomes and condos myself. I own a duplex though and have considered at some point many years down the road to maybe separate them and sell individually. This will usually net you a higher sales price if sold individually. But then again I'm also really in this for the long haul & enjoy the cash flow my duplex gives me so I'll likely never sell lol.