Considering a 24 unit multi

[Josh James]

How does this deal look?

This is a two story, 2 building multi. On site laundry facility, water is paid by owner, tenant pays electric, no gas, no pool, very good neighborhood, units are in decent shape. There are 8 1 bedroom units, and 16 two bedroom units. Rents range from $400/mo to $550/mo, taxes are $9800/yr, insurance I have no idea, Seller is asking $700k. 

I talked with a Realtor about getting the financials, and she said I needed to write an offer contract, and request them in the option period. That sounds kinda backwards to me? How can I make an offer if I do not know the occupancy, annual maintenance,  and other expenses? I will have no idea how much money I will be making or losing? Am I off the mark here, and the Realtor is right? I have not bought a multi before, so I am charting new territory.

Any advice would be appreciated, thanks!

[Brandon Hicks]

The realtor is a moron. (Yeah I'm not always nice.)

You can offer to sign a confidentiality agreement if they'd like and that is common.

Most realtors have no business listing a property this size. It's nothing like selling a lake house to their brother in law. I'm basing my opinion of the agents experience from your post and the fact that most commercial agents understand how offers are based upon financials.

I'd ask nicely for them again and explain that you make offers based upon actual performance of the subject property not a guesstimate of how someone thinks it would perform.

If that doesn't work?? I'd go straight to the owner. I'm not above going around an agent that is standing between me and a deal.