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Updated over 4 years ago on . Most recent reply

Kyle Daneff's profile image
Kyle Daneff's profile image
Kyle Daneff
  • Investor
  • from Seattle, WA
  • Member since Nov 18, 2015
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Kyle Daneff's profile image
Kyle Daneff's profile image
Kyle Daneff
  • Investor
  • from Seattle, WA
  • Member since Nov 18, 2015
Connect
Kyle Daneff
  • Investor
  • Seattle, WA
1
Votes |
10
Posts
Buying & Selling Real Estate

24 Unit @ 900k --- Thoughts? --- Northern Michigan

Kyle Daneff
  • Investor
  • Seattle, WA
Posted

Asking Price: 900k

24 Units (12 - 1bd/ba,12 - 2bd/ba)

Gross Rent: 15k

Expenses: 7.3k, includes utilities, 5% vacancy 

Loan: 4.5% with 20% down

Small town in Northern Michigan, rents are little low maybe can push $25 per unit. Needs TLC nothing major 

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