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Updated about 7 years ago, 12/20/2017

User Stats

208
Posts
309
Votes
Scott Skinger
  • Rental Property Investor
  • Barrington, IL
309
Votes |
208
Posts

Thoughts on this Deal

Scott Skinger
  • Rental Property Investor
  • Barrington, IL
Posted

Hi All,

New investor looking for a little feedback and/or constructive criticism on a deal I'm analyzing. This is a mixed unit building, 8 apartments (1BR/1B) and 2 retail offices. Offices are leased up for 5+ years with long term stable businesses. Apartments have historic 100% occupancy. Rents are only slightly below market, $50-$100. Roof and windows were all replaced last year, but older brick building built in 1930. Great location in Chicago suburbs, short walk to public transportation. 

I have attached the numbers and my analysis. Strategy is long term buy and hold for passive income. Numbers below are run with a disposition at 10 years with a 7% cap rate at time of sale. Any help or feedback is greatly appreciated.

Thanks in advance,

Scott

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