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Updated about 7 years ago, 10/17/2017

User Stats

105
Posts
64
Votes
Mark B.
  • Engineer
  • Allentown, PA
64
Votes |
105
Posts

Allentown Duplex Deal Analysis

Mark B.
  • Engineer
  • Allentown, PA
Posted

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

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