Help with what I'm missing on a property.

[Terre B.]

There is a MF property that caught my eye, and it's been on the market 9 months or so. I keep looking at it, wondering why. it doesn't fit what I need atm, since I'm looking for a 4 unit max to FHA. But I look at everything, to learn.

https://www.realtor.com/realestateandhomes-detail/...

I don't have all the figures to run a true analysis, but in the Denver market, I'm going to assume that if this was a good deal, it'd be gone.
Basically 5 doors, all 1 bed/1 bath, with the garages to rent separately.  its Denver, and close to Swedish Hospital, so I'd think each unit would rent for $1K a month easily.  The garages,  $150 ea. or more, per craigslist, So a gross income of $5750.  Taxes are $225 a month or so. vacancy rate should be negligible, 5% or so?

Unless the interior is a dump..what am I missing?

[Account Closed]

Originally posted by @Terre B.:

There is a MF property that caught my eye, and it's been on the market 9 months or so. I keep looking at it, wondering why. it doesn't fit what I need atm, since I'm looking for a 4 unit max to FHA. But I look at everything, to learn.

https://www.realtor.com/realestateandhomes-detail/...

I don't have all the figures to run a true analysis, but in the Denver market, I'm going to assume that if this was a good deal, it'd be gone.
Basically 5 doors, all 1 bed/1 bath, with the garages to rent separately.  its Denver, and close to Swedish Hospital, so I'd think each unit would rent for $1K a month easily.  The garages,  $150 ea. or more, per craigslist, So a gross income of $5750.  Taxes are $225 a month or so. vacancy rate should be negligible, 5% or so?

Unless the interior is a dump..what am I missing?

 Thanks for the lead. I'll let you know how it works out. ;-)