12 Unit Analysis - Green Bay WI

[Ryan Werner]

I have been looking to make the jump into real estate for awhile and have been looking for deals in my local area of Green Bay Wisconsin. I stumbled upon this multi-family that I don't really plan to purchase but I was curious to play around with the numbers.

12 Units (3  4-plexes)

6 - 1Bed/1Bath (Market Rent ~$550)

6 - 2Bed/1Bath (Market Rent ~$680)

Property Taxes ~$4600/yr from county website.

Looking at the pictures I can see that electricity is sub-metered. My big unknowns are whether landlord pays gas and water (I have not gotten estimates for these yet). I ran my numbers using the biggerpockets calculator and with the numbers in the attached image. I was just wondering what more experienced BP'ers thought about my analysis.

It has been for sale for quite awhile so I'm guessing I'm missing something but like I said I'm just looking for feedback to improve on future analysis.

Below is a link to the property:

12 Unit in Green Bay WI