Seller financing multifamily

[Tevell Williams]

Hello all, I am looking for some sound advice on a possible investment opportunity. I found three owners, of a 20 unit multiuse/multifamily property that they are trying to sell. Each owner owns about 33 1/2%.. The price currently is at 469k. They are highly motivated and will consider seller financing.

This is the thing, there are 16 units on top floor all one bedroom studio apt. 4 are about 600 sq. Ft. The other 12 are about 500 sq. Ft. Also, 4 commercial spaces on 1st floor sizing at about 10,000 square ft. Total. The town has condemned the apartments due to no sprinkler system, so there are currently no tenants. Two of the 4 commercial spaces are leased at the moment.

I currently own five SF rental properties in the same town, I think it would be a great addition to my portfolio, however there are alot of barriers as I've pointed out. But considering the sellers are willing to entertain seller financing I may be able to structure a deal. However, I don't neccesarily know how to get creative with the numbers to make this work for both sides. Any advice will help!

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