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Updated over 7 years ago, 04/26/2017
How much to pay for a 36 units
Could you please give me your thoughts on how much to pay for 36 units which are 3 different buildings. I feel they are class c apartments. What is the best way to evaluate these apartments?
They are in my home town so I know the area well.
Cash on cash
cap rate
price per unit
I know that it brings in $285,300 in rent each year. That includes water/sewer/trash and heat.
I will be meeting with the owner next week to talk more about the property.
Thanks