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Updated about 10 years ago,
Need help on a 2 unit!
Hey guys, I have a lead on a two unit that I am having a hard time finding comps on in the area because the majority of this area is single family residences. This property was bought for 115k in 2006 it has a current tax assessment of 130k. It has both units currently renting for a total of $1030/ per month, $1500 annual taxes and $700 in insurance. The owner is willing to sell to me for 75k and I would like to wholesale it to someone for 80k. Do you think I might have a hard time selling it without having solid comps? Any help is appreciated.