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Updated almost 11 years ago on . Most recent reply

Mark Derby's profile image
Mark Derby's profile image
Mark Derby
  • Real Estate Investor
  • from Plymouth, Massachusetts
  • Member since Mar 5, 2014
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29
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0
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Mark Derby's profile image
Mark Derby's profile image
Mark Derby
  • Real Estate Investor
  • from Plymouth, Massachusetts
  • Member since Mar 5, 2014
Connect
Mark Derby
  • Real Estate Investor
  • Plymouth, MA
0
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29
Posts
Commercial Real Estate Investing

20 unit condo complex typical operating budget?

Mark Derby
  • Real Estate Investor
  • Plymouth, MA
Posted

Any idea what a typical operating budget would be for a 20 unit condo complex in MA? It's got new windows, 10 YO rubber roof, Brick exterior. Grounds / parking lot are in very good shape.

Is there a ball park per unit formula? I'm looking at a condo and due to the recent repairs, the escrows are under their threshold of 10% and the bank is balking at writing a loan for it.

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