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Updated over 10 years ago,
Does this deal make sense?
Just wondering if this deal makes sense (cents$$) or not? It's a 26 unit MF complex. 23 out of 26 currently rented. Would require 20% down and seller financing 10% of purchase price for a total of 30% to get commercial loan. What do you think? My preliminary numbers says it's a decent deal, but not sure. Thanks.
Price = $ 990k
Gross rent = $ 179k
Current expenses runs about 46%
NOI = $ 96k