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When seeking opportunities to purchase single family homes, investors are often faced with the challenge of competing with Buyers that are seeking to buy their primary residence. This is difficult because a Buyer looking for their own home can often be emotional in their decision making, while the investor must make sense of the investment using a income and expense formula.
A duplex is technically a multi-family property but the economies-to-scale only slightly improve as compared to single-family-houses (sometimes the value indicators aren't any better than houses). We have found that the best value a duplex offers when compared to a house, is the vacancy factor. Its unlikely that both units will be vacant at the same time and therefore the income should always offset some of the expenses.
Triplex properties are where we begin to see value indicators determined by the income as a real factor for the buyer pool. Nearly everyone competing for a triplex is looking for an income producing asset.
Four-plex apartment buildings are a really cool niche in the world of income property. The reason is due to the financing. Investors are able to get a loan that is just like a home-loan; 30 years in length and with a fixed rate. Apartment complexes that are larger than five-units have a different set of requirements; it is known as commercial financing. In summary, four-unit apartment complexes are the greatest size in residential income properties that can obtain residential mortgages.
Beautiful Newly Built Duplex in Central Costa Mesa
This property has two completely detached unit. Each have private entrances and private yards.
The front unit is a 3 bedroom, 2.5 bathroom single family home. It is approximately 1,600 feet and has an attached two-car garage.
The back unit is approximately 1,200 square feet and is configured with 2 large bedrooms and 2 bathrooms.
Both units has luxury finishes and fixtures throughout.
If you are in the process of choosing an agent, we would be thrilled to speak with you. We offer free comprehensive real estate valuations. Call today!
+1 (949) 887-9971