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Real Estate Deal Analysis & Advice

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Mike Ritter
  • Real Estate Investor
  • Wake Forest, NC
11
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25
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Should I sell my duplex?

Mike Ritter
  • Real Estate Investor
  • Wake Forest, NC
Posted Jul 26 2014, 18:39

Hi,

I have a duplex that I bought in 2008 as my first rental property when I wanted to get into RE investing. 

Just would like some recommendations on what others would do with this property.

Details:

Both sides are 2 bd/2 ba - 900 sqft built in 1985

Gross Rent: $1475 ($725/$750)

Paid: $177k with 20% down

Recent repairs include - replace a/c in one unit, replace stove, replace carpet, paint

I have one tenant that is going to move out in the next month.  I was thinking about replacing the vanity's, faucets, vinyl floor in kitchen/bathrooms and possible the toilets as these items were old when I bought.  My thinking is this might help find someone that wants to live in one side and rent the other and possible help with the sale price.

Thanks

Mike

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