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Updated about 6 years ago,
Is this a good deal? (16 unit Multi Family)
Need assistance analyzing whether or not this is a good deal.
16 unit multi-family (1br/ba)
100% occupancy
Currently renting out each unit for $500 (about $100-$150 below market rents)
6.7% cap rate
Grade C area
Seller asking $875k
(Please comment if more are needed