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Updated over 8 years ago,
4-unit office building in small town
I have the opportunity to wholesale a 4-unit office building in our small East Texas
town (population ~6,000). Asking price is $305,000. The units rent for $670, $627, $725, and $667 for a total of $2689.
Running it through the Rental Property Calculator, I get an ROI of 6.44%.
What do I need to know before pulling the trigger on this?