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Updated over 1 year ago on . Most recent reply
Quadplex in Wichita, KS
Have a deal, 160k 4 units, all currently rented at 450/month but could raise it to 600/month.
Taxes - $900
insurance - $2950
Monthly utilities - $125,
annual maintenance - $1500,
management 8% flat, no tenant placement charge
Cash flows about $3k/year with current rent, $7.3k/year with new rent.
What would consider this to be worth? Is 160k a good price?