There's a high chance that the tenant has abandoned the unit.

-Think about what asset class you want to go into as well, whether you are doing a short-term rental, mid-term rental, or long-term rental, you can also use up 75% of the rent income from the separate unit if you do decide to go into multifamily, this could make it easier to qualify for a small multifamily property.

I would try to get more units if it were me, however if a deal is desirable and its a duplex I would run with that.

MF were 5kish per unit, now, 45- 70k per unit, and good luck finding one.

Zip experience in NJ but vast experience in developing / building condos have done 4 projects totaling nearly 500 units.

It is a tear down opportunity.asking Price : 400ksqft: 2,954Built in: 1948Arv: 775k to 880k I would study the area more and push something more high density like condos or a 4 unit and lower the risk through multifamily density and rezoning.

.- Added: new roofing for around 15k in 2019-20 and added a 2nd laundry (washer dryer) so each unit has its own.- Value adds for new buyer: Potential to make front garage usable (current is very narrow), make backyard nicer, finish off basement and make it livableQuestions: 1) From tax purposes, what EXACT tax would be on the 315k capital gains?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

On a luxury listing, maybe that would be something but it seems its a lower cost unit. 

I am an out-of-state investor interested in purchasing a duplex (2 bedrooms, 2 bathrooms each unit) located just a 10-minute walk from ASU.