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Updated about 6 years ago,
Multifamily Asking Prices in FL
Good morning BP!
I was practicing math on multifamilies on the MLS and I found ALL asking prices in MiamiMiami are ridiculously inflated! Since I suffer from acute analysis paralysis, I was wondering if it's me or this is normal. The example here is a multifamily in Hialeah with 2 small properties with a total of 1,320 SF, asking is $380K. Basically, this person is trying to sell 2 studios for $190 each! I know the area very well and pushing hard, you can rent each for $900. Where is the deal here? I will appreciate any feedback.
Thank you!