There are condos for sale all over the United States. When searching duplexes for sale online, there are many listings options to choose from, all of which present varying levels of granularity. Why, because the gross rent multiplier on the duplex you are considering indicates a higher ratio of gross rent to purchase price then the market seems to suggest.
When many first time home buyers think about rental income, they imagine large apartment complexes that they neither have the money to buy nor the experience to manage. A construction boom followed, and the neighborhood today consists mostly of apartment buildings (on Broadway and the avenues) and rowhouses (on side streets) from the late 19th and early 20th centuries, with some recent additions.
Aside from that, if you plan to have these condo units as your temporary shelter or vacation house then you can also opt to rent the place when you are not around; giving you potential income. The renters on the other side are not only paying your mortgage, they are helping you build equity in your property.
If you are planning of renting one of the houses and you don’t want to be meeting the tenant every now and then, you should ask your architect to design the house in such a way that the top and bottom houses have different amenities such as parking spaces, main doors and laundry areas.
CREXi is another commercial listings platform that covers a number of different property types. You can also get related rental information pertinent to your home rental including price levels and what others are charging for rent in your area. Even though Zillow is primarily a residential listings platforms, users can still dive into a great deal of duplexes and triplexes for sale or for rent.