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Updated over 11 years ago,

Account Closed
  • Houston, TX
0
Votes |
3
Posts

Commercial Multifamily Investment Opportunity - Advice Needed

Account Closed
  • Houston, TX
Posted

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!

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