Newbie: Need of rehab suggestions for a duplex in Camp Hill, PA
Hi,
I am in need of some decision making process since I am new to investing in real estate. I am interested in a multi-family home in Camp Hill, PA. Following are the key points:
- This is a 2 unit property in Camp Hill, PA.
- Unit 1: 2B, 1FB, 1278 sq.ft
- Unit 2: 2B, 1FB, 1142 sq.ft
- Cumberland County
- Year Built: 1974
- Heating: Oil
- On street parking
- LP: $209,000
Both units need some repair work to be done. I noticed some mold in the shower area and also some on the walls of the lower unit. It might be from the kitchen which is right on top of the room in the lower unit having paint peeling off. Also the appliances are old and need to be replaced. The basement has marks of water running in from the walls through the windows in the basement. I did notice the surrounding grating needs some work and the water needs to be managed better around the house.
Any suggestions on how much would the repair costs on this could be? I am new to this and want to start investing in such duplexes. Any suggestions will be very helpful to me.
Thanks!