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Updated about 9 years ago,
How much should I offer for this Multi-Family?
Hello,
The current asking price of a 22-unit complex is $1,200,000. The Yearly income is $147,204 and the expenses are $32,808(Insurance, Taxes, and Utilities). If I want to include a 10% vacancy($-14,720) and 10% repair($-14,720) bringing my total expenses to $62,248.
What should I offer for the property? I have not included any debt payments of management(me) fees?