Apartment price per unit

[John G.]

Hi all!

I've been investing in the small multi-family class C properties for 13yrs.  I am moving towards class B larger Apartments 20+ units.  Currently looking at 22 unit (4 buildings with garages) all built in late 90s and kept up to date.  As numbers go, it brings in $840/unit (2bd1ba W garage) Rents can be increased to 950-1000/month.  I guess my question is with these larger newer buildings...what are you guys seeing as a price/unit.  These ones are being priced at 100k/ unit.  Like I say, I'm used to buying the old class C stuff but not as familiar with the newer Class B stuff.  Thanks in advance for your opinions.