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Updated about 8 years ago on . Most recent reply

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Javon Gordon
  • Norfolk, VA
1
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1 Bedroom 1 Bathroom Duplexes

Javon Gordon
  • Norfolk, VA
Posted
I'm looking to buy a 1 bedroom and 1 bathroom duplex. Just wanted someone's else opinions on those. Are they easy to rent out?

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David Wandel
  • Real estate investor
  • Pasadena, MD
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David Wandel
  • Real estate investor
  • Pasadena, MD
Replied

I have 11 properties that are 1 bed 1 bath. (one is a 3 unit). They all are in C- or worse neighborhoods. They cash flow great. $700 or more a month net. We haven't had too much trouble getting them rented and we do have some long term tenants in place. We have 5 that have been with us for 3 or more years.

Most of our tenants are single moms,retirees,or on disability. Most are market tenants but we do have 1 section 8 and 3  that are placed with Catholic Charities and we are currently working with a non profit for the homeless to place some of their clients.

We have actually found a fairly decent demand for one bedrooms here in the Baltimore area.

I also have 9 detached single families in B neighborhoods. it still all comes down to tenant screening. I self manage and really have no personal preference between the two from a management perspective.

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