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Updated about 4 years ago, 10/06/2020

User Stats

18
Posts
6
Votes
Glenn Gurvitch
  • Property Manager
  • West Palm Beach, FL
6
Votes |
18
Posts

West Palm Beach multi family analysis- would you buy this?

Glenn Gurvitch
  • Property Manager
  • West Palm Beach, FL
Posted
Greetings, We have an investor interested in the following property, do you think he should buy: 30 units 2/1 with washer dryers Average rent 1225$ Cost is 115k per unit 950 sq ft Buyer will be getting 30 year financing Class c/c + Built in 1970 West Palm beach low rise apartment not in war zone What is your feeling of rents going up or down in this area? What about demand? Currently we manage about 500 homes and all of our class c type 1200-1300 rents will rent right away. Any thoughts? Glenn Gurvitch Florida’s Property Management

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