7 units available in Tucson - 7.53% Cap
Can someone please clarify this for me?
3 seperate buildings, parceled as 3 seperate addresses so investor can get single family financing on this, is that correct?
What other information would an investor want to see before making an offer on this? In our area, its fairly "normal" for showings to happen after accepted offer to minimize disruption to tenants.
Appreciate any input
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Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.
I agree with @Robert. If the expense ratio is 23%, it's missing expenses somewhere. For owner managed properties like this we see expense ratios in the 35%+ range. On proformas, it really should fall somewhere closer to 45-50% range for expense ratio.
If it walks like a duck...well?
Serious investors may pass this by on the info provided.