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Updated almost 6 years ago,

User Stats

29
Posts
14
Votes
Alison Lee
14
Votes |
29
Posts

Is this a good deal on this MF??

Alison Lee
Posted

Property is in the Southeast. It's a 10 unit/5 building MF property and they are asking around 475k. The units are 2bed/1ba and have been going for $500/mo. 

If I put 20% down I can get a solid CoC return. I can conservatively net 25k after expenses.....

It might be Section 8, don't know yet. Do these numbers look ok?? They are around 850sq/ft units built around 12 years ago. 

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