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Updated almost 6 years ago,
Multi family housing phx
I currently live in Minneapolis and planning to move to Tempe. The only thing holding me here in Minneapolis is my job. I have a very easy union trucking job making 120k a year but hate the freezing winters. I’m looking to purchase my first investment property in Tempe, AZ. Looking to start with something small. I have seen several duplexes for about 250k-300k. My question is if it’s worth the investment? Will I be able to make enough on the rent to cover expenses each month and make a profit? There are lots of apartments complexes in the area which makes me think “Why would tenants rent a place in a duplex, when they can have all the amenities of a apartment complex?”