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Updated about 7 years ago, 10/17/2017
Allentown Duplex Deal Analysis
TLDR - 92k asking, 25% down, duplex, 1500 rent , 1200 expenses
Good morning all.
I have an off market deal that I was hoping to get a little feedback on.
I believe this should net me around 125-150 per door. The property is currently rented and in livable condition. The first floor could use a solid cleaning and minor painting such as kitchen cabinets. the second floor is kept VERY clean
Any criticisms would be greatly appreciated!
Property Details:
Location - Northside of Allentown, Pa
Size - 1700 sq ft
Units - Unit 1 - 2 bedroom, 1st floor and basement. Unit 2 - 2 bedroom, 2nd floor
Shared Areas - Backyard
Tenant pays heat/electric
Landlord - water/sewer/trash