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Updated almost 6 years ago,

User Stats

27
Posts
6
Votes
Darshan Patel
  • Rensselaer, NY
6
Votes |
27
Posts

First Property - HELP

Darshan Patel
  • Rensselaer, NY
Posted

Hello members! 

A friend and I are looking to get into the multi family unit for our first purchase, neither one of us have experience but over the past few years we have done a lot of research on pricing, and what is the best return for the amount of money we have on hand. 

List Price: 135,000

3 family, 11 beds, 3 baths

Tax: ~5500

Location: Schenectady, NY

Condition : 8/10

The clientele is more low income and it is in a crime raided city but seems to have consistent turnover. 

What we want to know for knowledge is what we should look at as we will be first time home owners, we will not be living there, but the 3 units are currently occupied, we do not have the rent roll for the property yet but will be receiving it soon. Thank you in advance for any help or mentoring that is given to this post. 

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