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Updated almost 3 years ago on . Most recent reply

Quadruplex market value
Looking into a quadruplex. PP is 509K, tenants pay all utilities, rents range between 1000 and 1250. Turnkey property near growing city. My initial thoughts are the price is to high but I keep seeing these properties sell. My payment would be 2650 piti, leaving 1600 monthly for vacancy, capex, maintenance, etc. I estimate cash flowing 250-300 per unit after expense. Is this a good deal?