First timer here, my questions regards a duplex I plan on selling. Getting different advice from diff realtors on selling price and strategy. The sfh homes in the area fetch much higher prices than multi families. Because there are sparse multi families in the area, comps vary widely, from high crime urban areas to rural farmhouses. Makes it difficult to get accurate value because of small sample size.
Location, affluent west shore suburb of Harrisburg, low crime, family oriented neighborhood
Ranch style, 2400 Square Feet total, everything updated by hvac system (works fine)
Each unit has 2 bed 1.5 bath, one is 1400 sq other is 1000
Rent is 1450 one side, 1500 the other, renters pay all utilities
Insurance, maintenance, and yard upkeep total 3000 a year
Good renter clientele, most are doctors or nurses, close local hospitals
Both have separate driveway and yard
Located in well of neighboorhood in low tax hampden township, taxes are 3500 a year
The duplex was grandfathered, out of the 400+ houses in the development, there are only 5 multifamilies. 4 houses down the street sold for between 380-400k in the last 4 months. Their sq ft and size/quality are comparable to the duplex.
The township is supportive of conversion to sfh, spoke with their rep and said because the way the duplex was constructed (rancher) permits are easy to attain. Conversion also estimated to be smooth because of architectural style. Total cost of conversion estimated to 15k.
In a case where duplexes are rare in the area, and comps are unreliable, sample size too small, etc, what would you do? Convert and sell as a single family or sell as a duplex. I am moving to Fl and need to sell it,no remote management for me.