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Updated almost 4 years ago,

User Stats

69
Posts
20
Votes
Remi Oguntoye
  • Investor
  • Ohio, USA
20
Votes |
69
Posts

6-Family Property in Utica, NY | Due Diligence Questions

Remi Oguntoye
  • Investor
  • Ohio, USA
Posted

Hey Team,

I hope everyone is doing great! I have a property in Utica that sounds like a nice opportunity, but I know the city has a reputation for problem tenants. This is a 6-family with rents that are currently about $4k/mo and there is room to increase (perhaps another $1k), with some updating. The owner is selling it for a relatively low price (from the outside looking in), but I don't see any comps in the area that are relevant. I'd love to connect with any investor with local market knowledge to discuss and see if this is as good a deal as I think it might be. Also, I'd love to connect with anyone who has Section 8 investing experience in the area

Thanks in advance!

Remi

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