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Updated over 8 years ago, 07/30/2016

User Stats

227
Posts
35
Votes
Jonathan Perez
  • Realtor
  • Jacksonville, FL
35
Votes |
227
Posts

Margrave VS whisper. Pros and cons.

Jonathan Perez
  • Realtor
  • Jacksonville, FL
Posted
I am looking at some pros and cons on two duplexes and just wanted to hear what you guys think. I did not want to go over a purchase price of 100k due to the mortgage payments. (I can afford a mortgage at 100k). I have just enough for a down payment, inspection and appraisal. After all is said and done, I'd have a couple hundred left to my name. So I need to be mindful of potential maintenence and repairs for the first couple months. ***Margrave rd*** Pros -asking 95k - supposed developing area -Easy downtown access -long term tenant of 10 years Cons -patches on roof -according to RAIDS, lots of crime activity in this area. - ceiling leak/stains in living room area. ***Whisper*** Pros -Right over the bridge to downtown -Significantly lower crime activity in this area -new roof, new HVAC -in a short street filled with similar if not identical duplexes. All comps Cons -Asking 129k ( a little over my ideal purchase price target) -stain in kitchen ceiling right under the bathroom ( potential plumbing issue?)