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Updated over 11 years ago,
Commercial Multifamily Investment Opportunity - Advice Needed
I would appreciate your feedback on this commercial multifamily opportunity I am evaluating
YTD Rental Income $57k
YTD Expenses including water, taxes, Insurance $27k
NOI $30k
The property is currently being mismanaged, potential gross income is approx $13k.
Would a financial institution look at this opportunity favorabily; would they look at the current/potential rent roll and P&L statements to make their decision?
Thank you!