Advice needed on multi family property
I have a duplex that is all paid off. I bought it all cash in 2012 and it has appreciated modestly. Bought for 120,000 could sell for most likely around 185,000. Its an older duplex and has had a lot of maintenance issues. Each side rents for 800 dollars. Should I sell it and do a 1031 exchange and just get into a new type unit? Or do I just hold onto it since it is paid off? Currently net about 1200 per month after all is said and done.
Any advice is usefull
Ian