Looking for Help Analyzing a 6-Plex in Oregon

[Brian Armstrong]

Hi BiggerPockets,

I am a beginner investor based in Beaverton. I am about to make an offer on a 6-plex in Salem and wondered if I could share the details with an experienced investor in the area who would be willing to give me their input. I believe in my analysis, but there are other factors such as location, especially location, that I am not as confident about.

Briefly, I plan to offer $410,000 for a 6-plex that I believe has great opportunity to add value via increasing rent (current gross income = ~ $50,225), decreasing expenses (current operating expenses ~$26,000) and increasing the value via updating the property. 1 beds are currently averaging $722 and I believe I could get $875+, the 2 bed unit is rented for $850 and I believe I could get $1000+. If anyone has experience in the area please let me know, I'd love to share some specifics and hear your thoughts!

Thanks,
Brian

[Brian Armstrong]

I'm happy to update this post that I am closing on Monday on this property!!! My first commercial property that I've offered on and we were able to get it accepted and work through the whole process, it's pretty exciting.