Buying a College Station Duplex
Posted by Chris Tesch on Tue, Mar 22, 2011
Is buying a College Station duplex a good investment? I have that question quite frequently through the year. It can be an excellent investment. Especially considering what you get for your money and what's comparable in College Station Real Estate.
Let's take a look at what's sold throughout the year. In the last 12 months we have had 57 duplexes sold in College Station. These ranged from a simple duplex on Pine Ridge that was a 2 bedroom 1 bath on each side listed for $114,900 (especially low price as most will sell for around 140K) and sold for $113,000 after 156 days on the market. The top price returned on duplexes in the last year was at Oldenburg. These 2007 built 3 bedroom 3 bath College Station duplexes list for around $250K. In this case the property listed for $245K and sold for $242,015 after only 49 days on the market.
Consider what you will pay for College Station homes that are comparable in size. Inexpensive homes that are just over 1000 square feet typically sell for at least 100K. A 3 bedroom, 3 bath with around 1300 square feet will sell for at least 140K. With these purchases you get the benefit of the extra bedrooms without the attendant prices.
Available now are 36 College Station duplexes. Fourteen of these are primarily investment properties located on one street in College Station. Take those out and we have 22 properties active. These range from another Pine Ridge duplex listed at $109,977 since 5/18/10 to a new 3 bedroom 3 bath brand new duplex listed for $235K.
If you are looking for an affordable investment we currently have a rare 2 bedroom, 2 bath located on San Benito priced at $139,900. This duplex offers close shuttle routes and park and ride as well as being close to restaurants and other amenities. Call today for your private showing.