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Updated almost 7 years ago,

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8
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0
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Brian T. Allman
  • Reno, NV
0
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8
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Potential MHP Deal - First Multifamily Please Help

Brian T. Allman
  • Reno, NV
Posted
Here are the details! - I appreciate any help, feedback, or additional due diligence suggestions. I may need a partner on this deal. If it appeals to you, please comment below! $430,000 20 Units, 7 Vacant 950 sq ft building, livable, used as ‘office’ 3 Acres City Water, City Sewer, Paid by park Power, 1/2 Separately metered 1/2 Master metered (how much does that conversion cost?) 5 Park owned homes recently renovated Water lines recently updated, sewer lines giving some trouble with longer runs otherwise ok. Rent: $4950 Expenses: $1,250 Gross Cap: 13.8% Debt service: $2,028 Est. Cap on Cash: 14.2% Financing: 25% Down, 25yr amort, 5.75% commercial Working on: test ads, quotes for separate electric meter conversion, crime report from local PD, better financing What am I missing?

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