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Updated almost 6 years ago,
I need help with analyzing this multi family please
Good deal or bad deal ?! What should i offer ??
Help please
Asking price: 825K
13 units multi family apartments
12 units : 2bed/1bath rent for 750$ a month
1 unit : efficiency room rent for 400$ a month
Washer/dryer room earns about 400$ a month
Apartments in Good shape.
Has window units, no central air.
Parking for 8 cars. Tenants also use the McDonald's parking lot next door.
Water paid by the landlord.
The building has flood insurance too.
100% occupancy.
Tax for 2018 $ 3241.00
Expenses run about $46,000 per year.