Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Jersey Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

76
Posts
11
Votes
John M.
  • Investor
  • Cranford, NEW JERSEY (NJ)
11
Votes |
76
Posts

New Brunswick "Multi Families"?

John M.
  • Investor
  • Cranford, NEW JERSEY (NJ)
Posted

Hi everyone,

I'm working on a few deals within 2 blocks of Feaster Park (a block or two from Campus).   There doesn't seem to be any comparable properties sold within the past year, so I'm turning to BP with hopes of finding a fair-value price.  Hope someone can help!

The owners are attempting to sell at a cap rate of ~10%.  The properties only have 2 units -- so they're not really multi-families, as I would define them.  The homes are also cosmetically outdated and without property managers.  

Assuming you're familiar with the (hyper) local neighborhood, what are your thoughts on the cap rate?  These homes are not being rented to college students.

Please let me know your thoughts!

Thank you,

John

Loading replies...