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Updated about 9 years ago, 11/29/2015
Is This A Good Deal?
So I found this brick 4-plex in Raleigh today. It is about 5 or 6 minutes away from a major university (NC State) and also a couple of minutes away from downtown.
Judging from the photos of the interior it seems to be in pretty good condition and would only require minor cosmetic work on it, of course I would make sure to visit it with an inspector/contractor to make sure it's actually as good as it looks.
They are asking 239,000 dollars for it, but I would only offer at most $191,200 for it. Judging from a few slightly similar comps, it should have an After Repair Value of $240,000, maybe a little bit more. Should also mention that it's been on homes.com and realtor.com for 130+ days.
This is the link to the deal analysis that I performed on it. Please feel free to correct anything I may have neglected! Is it a good deal and worth a closer look into it?
https://www.biggerpockets.com/calculators/shared/208862/0468f20b-bfbe-429e-b5be-719018f26607