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Updated about 5 years ago,
12-unit deal (stabilized)
Hey all,
Need some deal advice and some creativity. Have a 12-unit that I'm wanting to offer on. This deal is already stabilized, no forced appreciation opportunities here, which I am OK with. It seems like a solid deal I can just buy and hold.
Asking 810,000
100% leased, renovated in 2018, strong location with tenants who pay on time.
Income 110,000
Expenses ~~40,000 (about 40%)
Debt Service 36,000
Cash Flow roughly 35,000
Deal is off market and has multiple offers. What are some creative ways I can win this deal without overpaying?