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Updated over 8 years ago,
Thoughts on Triplex deal
I'm purchasing a triplex in PA for $52K with 20% down. The first unit is commercial and is rented for $565 with a longterm tenant. The second unit is a 2 bedroom and is rented for $500. The third unit is not rented, but it should rent for $350. The current gross rental income is $16,980 per year. The expenses are as follows: Taxes are $1700, Insurance $600, Heat $2100/year, Water $847/year, Sewer $1560/year, Trash 51/month. The triplex is in good condition and will be managed by a management company. Any feedback on the quality of the deal would be appreciated.
Thanks!