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Updated about 12 years ago,
First Duplex Purchase - need advice/review
Here are the details of the purchase.
Asking price 155,000 year built 2006
3/2/2 with 1250 sq ft each side
rent 650 each side -
last years taxes 1600
insurance I'm going to estimate around 600/yr
I have 20 percent to put down. I'm thinking if I can pick this up for 140,000. It will be a decent property. I called around and checked rental rates and low to average for a 3/2/2 duplex of that size. Rental environment in this area is decent with several small colleges and hospitals.
Any advice or thoughts would be appreciated.