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Updated almost 10 years ago,
9-plex for $650000
I'm looking at a 9-plex for $650,000. Current income (with very below market rents) is $52,188 after expenses it is $38,855. I would put down 20% and get a commercial loan at 4.5% amortized to 25 years with a ten year loan maturity. I could easily raise the net income to 61,000 Good deal?