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Updated about 8 years ago,

User Stats

1,146
Posts
306
Votes
James Syed
Pro Member
  • Real Estate Broker
  • Mount Olive, IL
306
Votes |
1,146
Posts

6 Unit Apartment Building, Is it a good deal?

James Syed
Pro Member
  • Real Estate Broker
  • Mount Olive, IL
Posted

Hello BP, 

I am interested in buying this 6 unit apartment building. 

6 Unit Building, Each unit is 2 bedroom 1 bath, 725 sqft

Total rent $3400 per month

Taxes $459

Insurance $250

Repair & Maintenance $300

Cap Ex $150

Vacancy & Uncollected Funds $340

Trash $60

Lawn Care / Snow Removal $125

Electric, gas, water and sewer are paid by the tenants. 

Purchase price $165,000 (seller will be paying my closing cost)

Click the link below:

https://www.biggerpockets.com/calculators/shared/1...

Would like to get your thoughts. 

Thank you. 

  • James Syed
  • 618-406-9775
  • Loading replies...