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Updated almost 8 years ago,

Account Closed
  • Chattanooga, TN
5
Votes |
7
Posts

Second opinion on Duplex in Chattanooga TN

Account Closed
  • Chattanooga, TN
Posted

Currently evaluating the purchase of a duplex. I need some second opinions 

List price $57,500 

Current Rent  $889 gross (Both sides)  one long term (4 years) at $400 one short term (6 months) at $490 

Desired Rent (section 8) $1,200 (both sides) 

2% rule (gross)  2.09%  

Comps support $600 / side on section 8 

Needs a few thousand put into it, some flooring, window HVAC fridge, repainting. 

I would appreciate some advice! if any additional info is needed please let me know! 

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