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Updated about 6 years ago,
Multi Family
Good evening everyone. My name is Darrion and I'm newbie but I wanted to say thank you to all that has given me advice on real estate. I wanted to get thoughts on this property. It's a 2 multi family unit. The 1 st unit is a 4 bed 1 bath with a tenant paying 650 per month. The 2nd unit is 2 bed 1 bath and the tenant pays 450.00 per month. Repairs is 5 to 10 grand for upgrading the property. The seller tells me it's zoned as a 2 unit apartment building which was grandfathered in. The tenants are renting the units on a month to month basis. The asking price is 27000 or obo. My question is this a good deal to start out with