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Updated over 8 years ago,
First Multi-Family investment deal in Juneau, AK. - help!
Hello!
I'd like to get some experienced investor's input on this deal please!
My husband was born & raised in Juneau, Alaska. We are looking to move back, and plan on purchasing a multifamily we can live in and rent out. The duplex can easily be turned in to a triplex (metered for it), which will add value and generate more income. We plan on adding elctric heat in leu of the oil heat it has.
This deal analysis is a very conservative estimate as it figures as a duplex with oil heating (very expensive). It looks as though it is a good deal and we have offered $425 on it, listed for $435 with another offer in - we don't know what that is.
Any thoughts, comments or concerns from more experienced investors? This will be our first multifamily investment. We hope to learn a lot from this and continue to invest.
Thank you!