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Updated over 2 years ago,

Andrew Michaud's profile image
Andrew Michaud's profile image
Andrew Michaud
  • from Bangor, Maine
  • Member since Apr 22, 2017
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User Stats

72
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19
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Andrew Michaud's profile image
Andrew Michaud's profile image
Andrew Michaud
  • from Bangor, Maine
  • Member since Apr 22, 2017
Connect
Andrew Michaud
  • Bangor, ME
19
Votes |
72
Posts
Multi-Family and Apartment Investing

38 Unit Purchase. $110k cash flow. Good deal?

Andrew Michaud
  • Bangor, ME
Posted

I am looking into purchasing a 38 unit from a company. Price is approximately $35,000/door for a total purchase price of $1,330,000. All buildings are in excellent shape, but are in need of roof replacements. Property after debt services cash flows $110,000 per year. Is this a good deal?

Lewiston, Maine
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