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Updated over 15 years ago on . Most recent reply

Chris M's profile image
Chris M's profile image
Chris M
  • Real Estate Investor
  • from New Jersey
  • Member since Jun 11, 2009
Connect

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Chris M's profile image
Chris M's profile image
Chris M
  • Real Estate Investor
  • from New Jersey
  • Member since Jun 11, 2009
Connect
Chris M
  • Real Estate Investor
  • New Jersey
0
Votes |
3
Posts
General Landlording & Rental Properties

numbers game

Chris M
  • Real Estate Investor
  • New Jersey
Posted

How should i evaluate this potential investment or better yet what should i offer to make it a good investment.

2 legal unit multifamily in a B area. Listed at 295K as a short sale bank approved.

getting 1300/month for 2 bed unit
getting 1400/month for other 2 bed with big attic unit

taxes are 8750/annum

there seems to be know major repairs to be done on the building accept perhaps some minor updating here and there. It also has a drive way with a garage.

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