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Updated over 7 years ago on . Most recent reply

User Stats

160
Posts
141
Votes
BOB CRANEY
  • HIGHLAND, MD
141
Votes |
160
Posts

What would you pay for this 3 unit

BOB CRANEY
  • HIGHLAND, MD
Posted

Single family home in a C+ to B- area. Property consists of 3) 2br units that are all a large self contained, 1100 sqft each. Property is completely renovated and all units are individually metered for all utilities except for water/sewer. Very nice renovation with all new major mechanicals and interiors including laundry in each.  Rents in the area are solid at $900-$1150 for a 2BR of this type. I have other 2br townhouse units in this area and i am getting these rents. 

With a possible gross rent roll of $3450 per month whats the max you would pay for this property using market rate financing to get a nice return?

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