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Updated almost 7 years ago,

User Stats

72
Posts
19
Votes
Andrew Michaud
  • Bangor, ME
19
Votes |
72
Posts

Investing in a 3 unit.. Good city but bad location?

Andrew Michaud
  • Bangor, ME
Posted

This property is a 3 unit apartment in excellent shape. All the major repairs have been done. This deal would be a private sale. I was able to talk them down to 60k, and after all expenses and debt services I will be profiting 9k per year.. numbers sound great to me but I am uneasy on the location. Its in a good city.. but it is 8 miles out of town, in a quiet area, but right next to a run down trailer park. Should I make the move? Everything works except for location.. But I have seen worse areas. Thanks!

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