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Updated over 7 years ago,
Need help evaluating a 6 unit complex in Gainesville, Fl
Hello BiggerPockets community,
I am analyzing my first small apartment complex. Here is a quick description:
6 Plex located in Gainesville, Florida, C/B on bottom, behind Oaksmall, convenient to UF, malls, and shopping centers. Bottom floor with toilet is tile & top floors with bedrooms are vinyl simulated woods. Fully rented. It is 2b/1.5b. Serious inquires with proof of funds to be able to see inside. Please do not bother tenants.
I used the BRRRR calculator to pull together the following calculations:
https://www.biggerpockets.com/calculators/shared/7...
I am having a difficult time accurately quoting the anticipated expenses for this property. Any thoughts about the deal, the expenses, or anything else would be welcome.