Massachusetts Duplex Properties For Sale

Duplex Properties For Sale

What should I look for when buying a duplex as an investment?

You should focus on location, rental demand, condition of the property, and potential for cash flow. Additionally, you should consider cap rates and price per square foot.

How do I determine if a duplex property is priced accurately?

To figure out if a duplex is priced fairly, start with the income approach. Look at recent sales of similar multi-family properties in the area, and consider factors like size, condition, and rental income potential. Run the cap rate to see if the return makes sense for the market, and check the price per square foot against local comps. Don’t forget to factor in necessary repairs or upgrades. If you take a few minutes to run the numbers, you can avoid overpaying and keep your investment on track.

What are some ways I can lower tenant turnover rates?

When it comes to duplex property management, you want to focus on finding good tenants. Make sure the property is clean, safe, and current. Some owners provide tenants with longer leases or rent discounts. It’s also important to focus on careful tenant screening, which should include references and rental histories. Building good relationships goes a long way in keeping turnover low and your investment steady.