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Updated about 5 years ago,
Is this Triplex a good buy?
Hey guys! I’m looking at a unique property in my hometown. It would be my second investment in the area. I own a triplex there.
Single family and duplex on the same lot for sale
$420k asking price
Potential rents are:
Single family: $2200-$2400/m
Unit 1: $1225/m
Unit 2: $1125/m
Separate utilities
5% FHA loan
Does anyone think this is a good buy? The single family house is completely remodeled. The duplex has a slate roof that is need of work and some exterior paint work needed and basic turnover of the units interior. Let me know if you have any additional questions. Thanks!