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Updated over 9 years ago on . Most recent reply
analyze this 3plex deal
C+ neighborhood. Working class area, I own rentals in this area, never had any problems regarding crime.
3 unit all 1bed
gas/electric tenant paid. all metered to them.
currently leased at $440 per unit (below market value, $500-600 is more then possible.)
expenses:
3900 taxes
1800 water
1200 insurance
1200 Lawn/snow care
what would you pay?