Updated about 10 years ago on . Most recent reply
A tale of two... duplexes
Would love some feedback to help in the buying process. I've got 2 duplexes I'm trying to decide from and I'm somewhat stuck.
Dup #1 small town but very stable area. all brick 2bd 1ba per side built in the 80s but recently updated with all the capex hot buttons (roof, hvac,plumbing, water heaters, windows) well and septic price- 100K Rents $1125/mo total for both sides. Rent is slightly below market as others go for $600-650 per side. only bills are $1000 in taxes and $700 for insurance Current tenants in until late this year (Sept and Nov.
Or
Dup #2 Same area all brick 2bd 1 ba per side built in the 2000s. Possible HVAC on one side in the next 5 but everything looks good. Rents are $1100 but on the low side. Taxes are $1200 ins. is 870. public water and sewer. Price $105k. Current tenants have 4 and 8 months left.
Not really much of a difference between the two. I'm happy to expand the details on either one. I don't think they are GREAT deals but they seem pretty solid. I'm hesitant because they are not GREAT deals and so I ask... are they good enough (very subjective question, I know).
I look forward to hearing what you have to say.
Mike