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Updated about 8 years ago,

User Stats

49
Posts
16
Votes
John Quiles
  • Investor
  • Orlando, FL
16
Votes |
49
Posts

How much would you pay for 156 Units in Atlanta?

John Quiles
  • Investor
  • Orlando, FL
Posted

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?  

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