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Updated over 9 years ago on .

User Stats

23
Posts
1
Votes
Michael Fink
  • Investor
  • Kingwood, TX
1
Votes |
23
Posts

14 - 4 plex (56 unit) analysis

Michael Fink
  • Investor
  • Kingwood, TX
Posted

I'm currently running the numbers on a 14 - 4 plex deal (56 units in total).  This is a portfolio buy so its either all units are none of them.  I am familiar with evaluating flips and rentals but never tried one with multiple building and this many units. 

All the units are in the same town. 12 of the 14 units are on the same street and the other two are on another street about 3 miles away.  It also includes two empty lots that appear to be used for additional parking at the moment.

Should I be evaluating this deal as 14 individual properties or rolling them all together or both?

Are there any other key financial metrics that I should be looking at above and beyond the normal Cash Flow, Cap Rate and COCR to determine if this is a good deal or not?

Any help will be greatly appreciated.