4-Unit

[Matthew Poff]

I am interested in buying a 4-unit property in my area.  The rents are/should be around $1,150, $725, $725 and $500....the property is currently vacant and has been for over a year.  Owner pays all expenses and utilities since none of the utilities are separated.    I would be putting around $25,00-$30,000 into the property of my own money plus 10% down payment.  I would have about $40,000 total invested into the property with repairs and down payment.  After all expenses are paid including mortgage, utilities, taxes and insurance it would cash flow around $1,000/month.  From what I can see it seems like a decent deal if I can get it for the right price.  I currently own 3 other rentals in the area but this would be the largest.  Am I missing anything or not considering anything?

Thanks!