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Updated almost 6 years ago,

User Stats

17
Posts
3
Votes
Emad Nasser
  • Westwego, LA
3
Votes |
17
Posts

I need help with analyzing this multi family please

Emad Nasser
  • Westwego, LA
Posted

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.

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