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Updated over 7 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
David Braylark Jr.
  • Smyrna, GA
2
Votes |
9
Posts

Need help evaluating a 6 unit complex in Gainesville, Fl

David Braylark Jr.
  • Smyrna, GA
Posted

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.

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