Would this apartment 6 unit complex be a good deal

[George Rodriguez]

Wondering if this is a good deal if so need some help obtaining  this propriety 

century point ln complex

$549,000

6 Units | Multifamily | Get Financing

Multifamily Property For Sale

Price:

$549,000

No. Units:

Building Size:

6

4,800 SF

Price/Unit:

$91,500

Property Type:

Multifamily

Property Sub-type:

Garden/Low-Rise

Property Use Type:

Investment

Commission Split:

2.5%

Cap Rate:

7.87%

Gross Rent Multiplier:

13.37

Occupancy:

100%

No. Stories:

3

Year Built:

1985

APN / Parcel ID:

0222110053

Parking Ratio:

3 / 1,000 SF

Listing ID

19190790

Last Updated

22 days ago

Highlights

!! rental income $73260 plus $2000 laundry total income $75260 !! re taxes $17818 / insurance $1522 / water $ 3987 !! heating gas $3500 / electric $272 / association $4500 / permit $500 !! gross expenses are $32099 !! $75260-32099 =$43161

Description Attention investors the opportunity knocks once at your door, this building don’t need to do anything, it has a newer roof, new windows, all kitchens and bathrooms upgraded, with ceramic tile, hardwood floors, and carpet; interior refinish include newer appliances. All units have fire place for the winter romance. you don’t need to do anything just turn the key' collect rents and make money Location Location Location this is one of the best location of Glendale heights, and close to everything, close to groceries stores, Stratford, and express ways. 24 hours notice require and we need a pre-approval letter for your buyer Financial Summary

! Actual •! Year

2014

! Scheduled Gross Income

$75,260

! Operating Expenses

$32,099

! Net Operating Income

$43,161