Would you pass on a 4plex that had window units instead of CH/A

[Aaron Thivierge]

Good morning, all. I ran the numbers on a 4plex locally that just came up for sale yesterday, and it cash flows at the asking price. My number one hiccup is the window units in the apartments. It is one building, 4 units: 2/1 's that rent for $550/ each 100% occupied. Running the numbers, it should cash flow $400/ month allowing for PITI, vacancy, repairs, Property Management.

I heard a podcast recently where one investor would not look at apartments unless they had central heat/ air.  What is everyone else's opinion on this variable? thanks for the input.