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Updated over 8 years ago,
Need opinion on duplex deal
I was approached today by a friend of mine who is looking to sell her duplex. She is done being a landlord and wants to get rid of it. Property is in good shape with no major renovations needed, it is located in Fond du Lac Wisconsin in a B- neighborhood. Basic Details below.
Asking price-$81,000
Rent-$395 and $750=$1,145/month
Taxes-$191.67/month
Insurance-$85/month
Property is tax assessed at $90,300
Tenants pay utilities
What would you do? What would you offer? Any suggestions would be greatly appreciated.