Commercial rental Building Fix and Flip 14 Units WEST PALM BEACH

[Eddie Gonzalez]

From your experience is this a deal?

West Palm Beach FL

2 buildings with 14 units total, 2br/1bth

Needs fixing but you can still have Cash Flow in the process, they are located in West Palm Beach, close to i95, close to the beach, class C area

Asking: $1,150,000.00

After Repair Value (ARV) is $1,691.342

COMPS:

16 units, sold for $1,500,000 ($93,750/unit) (ALL 1 bedroom units)

18 units, sold for $1,620,000 ($90,000/unit) (ALL studios & 1 bedrooms)

Leases in place, all tenants are subsidized by a housing agency with documentation.

There is no rent on the market for less than $1,000/m

Price below $100k per unit and in great rental market, we expect this to go fast.