Multifamily opinion

[James Kramer]

On a small multiunit, (residential) of 2 or 3 units, how much return would you expect on each unit? I am trying to sell my 2 unit and garage and a few people are coming back saying the cap rate doesn't match and the numbers do not work. Well the NOI is about $450 per month and I have heard that clearing $150 a month on each unit for small multifamily property is real good and this is obviously a higher return than that. Please get me your thoughts.

Regards