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Updated over 8 years ago,
8 Unit Full Rehab - Initial Offer - Help???
Hello Everyone,
I located a 8 unit apartment complex in need of a full rehab. Listing prices is at $200,000. Each unit is a 2/1 and the average rent for that area is $800. I contacted the listing agent and complex has been vacant for the past 2-3 years. Some units has copper missing and slight water damage. How do I assess the true value to make my initial offer?