Real Estate Investing: Duplex Rental Property

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Investing in or owning a duplex is usually a good opportunity for real estate investors, regardless of experience.

 

One of our listings, 199 Kenner Ave, is located in the West End area of Nashville. It’s a great rental because the lot is massive for the area and each side has three bedrooms.

 

If you’re looking to invest in a duplex, here are some things to consider:

  1. Lot size.

    1. The size of the Kenner Ave property is 100 ft by 130 ft. It would allow for a single family home to be built on site and be compliant with new building codes.

  2. Accessibility.

    1. Most duplexes have street access but could be connected to an easement. An easement is an access road that carries vehicles to other properties or municipalities on or near your renal property.

  3. “Rent-to-own” ratio in the area.

    1. If you’re in an area that doesn’t have a ton of rentals but is a growing space for small businesses and families, owning a rental property could yield a good investment for you. The property would be in demand.

    2. If there are a lot of rentals in the area, the competition could make it difficult to find renters at the top dollar value.


For more information what property details make for a desirable rental property, call Jane at 615-596-0169 or email us today.