Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

122
Posts
33
Votes
Fahima Hilal
  • Real Estate Agent
  • rutherford, NJ
33
Votes |
122
Posts

3-family in Clifton

Fahima Hilal
  • Real Estate Agent
  • rutherford, NJ
Posted

Here are the numbers. Please let me know if you think its worth getting into. I cant decide. 

Price: 365K. I have 25% for the down. My partner is getting a conventional loan for the rest at 4.5%

3 units 

3 Br unit -                      rent $2000

1 br units(2 nos)           rent $1200 each 

2 car garage and 6 car parks -could fetch an additional 500 in rent. 

Roof needs work. Down the line I'm thinking it may take 25-30K to paint, fix windows etc. 

water and sewage expenses -2500 per year. Tenants pay utilities.  

Should I go for it or let it pass? What do you think? 

Loading replies...