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Updated almost 5 years ago,
20 unit apt complex analysis deal?
Fully Rented Apartment Complex
Asking price: $2,135,000
Annual returns: $213,000
All 1 bedroom units are rented for $725 and all 2 bedroom unit $1,150
All units have their separate electrical meters and operates by a water well system.
communal laundry room
all roofing is brand new! - Just redone in 2019
This is all the information the listing provides.
Property tax is about $34,000 a year I figure.
Not sure what I'm doing with the calculator.
What key questions should I be asking the listing real estate agent?
Thanks all for your time,
George