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Updated almost 12 years ago,
Denver CO multi-family
So this may not be the proper category, please forgive me if it isn't and direct me to the proper area. I'm looking for sources for a 4-plex in Denver. I'm a currently deployed soldier who plans on using my VA loan to get a multi plex to return to.
I've got a real estate agent who is broswing the MLS for me and I've been watching craigslist, but haven't found the perfect property yet. My timeline is beginning to compress as my tour approaches it's end.
My hope is for a 4-plex less than $400K and a 10% cap rate(which I'm realizing is a high expectation) in as close as possible to move in condition without all units occupied(I'll have to live in one to satisfy the VA requirement).
I've got about a month left before I need to be looking at starting the closing process.
Any input would be greatly appreciated.
Thanks,
Val