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Updated almost 6 years ago on . Most recent reply

Seth Parmelee's profile image
Seth Parmelee's profile image
Seth Parmelee
  • Realtor
  • from Wilmington, NC
  • Member since Jun 28, 2018
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71
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23
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Seth Parmelee's profile image
Seth Parmelee's profile image
Seth Parmelee
  • Realtor
  • from Wilmington, NC
  • Member since Jun 28, 2018
Connect
Seth Parmelee
  • Realtor
  • Wilmington, NC
23
Votes |
71
Posts
Multi-Family and Apartment Investing

New construction multi family expenses

Seth Parmelee
  • Realtor
  • Wilmington, NC
Posted

Ok guys. Have a question about new construction projects. My mls has a brand new just completed development for sale. Have an investor I’m looking for things with and I think this would fit. It’s 20 units with asking price of 3.5. At cap rate of 7 that comes out to roughly 1025 noi per door. For a brand new development what would good estimate for expenses be?

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