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Updated about 8 years ago,
How much would you pay for 156 Units in Atlanta?
I got this deal on my lap and it has 176 units in Atlanta (Decatur) 95% occupied. According to the P&L it gets around $993k on rent with about $375k on expenses. The buyers broker wants 4% commission pay by the buyer. All my experience is in flipping. I have no experience in multifamily so I'm wondering how much should I offer, how much do I have to spend before we even close, and how much are the closing costs going to be?