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Updated over 3 years ago,
Multi Family Home questions? Good vs Bad deal
I am looking at a multi family unit in a bad area of North Charleston SC. Its a 6 unit building with 3 beds and 1.5 bathrooms per unit. They are currently all rented and bring in $4600 per month. 55,450 per year. They are asking 600K for the property.
This is not my area of expertise, can someone please advise. What makes it a good deal/bad deal? What do i need to look for? ETC?