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Updated about 16 years ago on . Most recent reply

User Stats

51
Posts
6
Votes
J Mishkin
  • Rental Property Investor
  • OH
6
Votes |
51
Posts

oh wow, 30 unit for 60k. !!

J Mishkin
  • Rental Property Investor
  • OH
Posted

check out this deal I can get.

30 units total. 5 buildings - (20) - 3 units, (10) - 1 units

7 acres of land. 4 acres of woods.

Land is valued at almost 100k alone.

Condition is really ruff. The good is concrete block construction. Bad is it's on a septic system.

So along with a full remodel of everything, a new septic / or possibly tie into the main city sewer, and new water lines / or new wells dug.

So I'm thinking at least 200k to remodel and get them all going. Taxes owed are 20k.

So a total of about 280-300k for 30 units. Plus enough property to add more, or even storage units.

So with my quick figures this could net 8-10k / month profit and thats with a property manager and maintenance man with rents lower then market.

HMMMMMM..

now where to get some money :D

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