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Updated about 8 years ago,
Is this 7 plex a deal?
Im trying to analyze a deal, but im not sure i've put everything in the calculator properly. Its a 7 unit building where 6/7 units are rented. Asking price is $230k (i know they are willing to work down). Currently the scheduled rents are $3,550 per month. Projected annual expenses are $23,043 which includes property management.
I apologize for missing information, but hopefully through the discussion, I can add to the above info and get to a decision on this.