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Updated over 4 years ago on .
Checking 2 duplexes for buy and hold
Hey,
I currently have 1 SFH in Silver Spring, and I'm looking to buy my second property.
I'm thinking about multi family, and I'm currently checking these 2 off-market deals:
The first one:
4877-4879 n 47th
2 units 3\3.
Price: $105K - already rehabed.
Rent for both units is around $1600.
The second one:
5432 W. Melvina St
2 units - 3/3
Price: $115K
Need cosmetic rehab.
Rent?
I'm not familiar with the areas of these 2 properties.
Looks like both in a good areas, but I'm wondering what is the ARV and rent price of each one of them.
Is someone familiar with these areas and can help me here?
Thanks!