Help Evaluate 24 Unit Opp... $2,000,000

[Shannon Trivett]

24 1 & 2 bedroom Units

Newer construction (2001-2008)

Permits for 8 more units.

On site septic

Good stable occupancy

Good access to Scranton PA and the Pocono region

Additional 16 acre lot included. suitable for SFR

Current rent collected $15,500/mo. or $186,000/year

(1 vacant unit and 1 rented to family below market value)

Selling is asking just over $2M

I'd be more comfortable in the $1,000,000 to $1.3 range but I'd like to hear other opinions too...