what to offer on a 10 unit

[Justin S.]

Any thoughts on the numbers here please let me know.  Rents are very low. A widow has owned an managed it herself for 10yrs and hasn't raised the rents in about 5yrs.

Ok here is the deal:

All brick 11,100 sq ft 10 unit

10- 2 bedrooms

$630k asking price

Taxes-17.5k

ins- 3k

maint-10k

water-2k

Vacancy avg(5yrs) 2%

Income:

Rents-76,600

Potential rents(market value)-84,000-87,000

Laundry-2,000

Deferred main:

roof in the next 5 yrs(aprx 25-30k)

Thanks

Justin