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Updated almost 7 years ago on . Most recent reply

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Kyle S.
  • Gulfport, MS
0
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10
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Should I purchase this duplex?

Kyle S.
  • Gulfport, MS
Posted

Hello all,

I was hoping you could assist me...

I am looking into purchasing a duplex and please let me know your thoughts if this duplex is a good purchase.

List price: $117,500

Current tenant occupied: Each side pays $750/mo

Year built: 1984

Located in a “C” neighborhood

Needs a new roof but owner is willing to replace

Total PITI: ~$700/mo on a 30 year fixed conventional loan

Not in a flood zone

Would plan to make the property more cosmetically appealing and raise rents to $800/mo as the current tenants are not so clean.

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