Multifamily investing in South Florida

[Sadula Pajaziti]

Hello Investors, 

The following post is intended as a general discussion and asking for opinions.

I live full time in South Florida and I am a general contractor. I am considering joint ventures in Florida market, specifically multifamily deals. 

My extensive knowledge and background in construction allows me to identify good and sound buildings when I see one.

I came across an opportunity to buy a property built in 2018 which consists of  5 units at an asking price of $875,000.00 

All 5 units are rented and bring $94,000.00 / year

Market demand can bear an increase of rents by 10% 

I am very familiar with the area and I believe the price is below market value for a number of reasons. 

By quickly looking at the info provided do you guys think it's a good investment?