Duplex pricing question Charlotte MSA (East Rowan County)

[Paul Sofia]

I've been acquiring and selling real estate for well over 20 years but I've never acquired or built a duplex. I've got a piece of land under contract that I can subdivide and put a duplex on one of the lots to sell. I honestly don't know the demands in the current market SFR on the other hand, I can do an entry level home with an attractive price point on both lots, New duplexes near this area in are bringing $1,500 + that I'm aware of. Thoughts.....

[Brandon Elliott]

Would it be helpful to connect with a local realtor that specializes in selling duplexes and their respective rents/ price per square foot?

[Paul Sofia]

Eventually but looking from an experienced investor's prospective is helpful.

[Wyatt Wolff]

Duplex all the way. Two angles. One, you now have double the doors, w just one roof. Better for cashflow, and maintenance is still fairly stable. 

Second, from a demand perspective if you were to sell... duplexes are the hottest thing that Charlotte doesn't have any of. Househackers/ new investors will always gobble them up, giving you an escape hatch if you ever wanted it. 

But don't listen to me, ask some agents what they think! 

[Paul Sofia]

Thanks.   Would not be for a rental but yes, I can get some comps from a realtor

[Kai Kopsch]

Duplex units are very rare in the Charlotte MSA only 19 units sold past 60 days.