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Updated over 8 years ago,
Please help analyze 2 duplex
this is my first post on biggerpockets. I have two duplexes I would like to get some advice on.
first duplex is in a working class neighborhood,close to downtown. $174,900, 2800 sqft built in 2007. new paint, new cabinets,new windows. two units both are 3 bedrooms, 2 bathrooms. both are rented, total rent is $1845. PITI is 872/month assuming 30 year fixed mortgage. property is on market more than 130 days.
2nd duplex is in the same city, working class area, built in 1986, asking for $125,000, 1900 sqft, both units are 2 beds, 2 baths. owner moved to florida. the property is on market for 400 days. the median rent in the area is $770 for 2 bedrooms. PITI is $700.
I would love to get some opinions on these two properties. thanks