Have to make a decision on this tomorrow! would you purchase this

[Niyi Adewole]

Good Evening Everyone, 

I am on the brink of my very first multi-family deal. 

Counteroffer from Seller = $187,600        

Tri-Plex with a garage are currently renting for $2200 a month.

Brief Description: Built in the 1900's. Metal roof painted and sealed, flat roof replaced in 14'. Most plumbing converted to PEX. Upgrades include, but not limited to, new cabinets, counters, sinks, faucets, appliances, stackable washer/dryers, toilets, vanities, carpet, paint, and smartkey door locks in all units (2014). 

I will be giving cash for keys to one of the tenants and living in one of the units. Would you take this deal?? When i run the numbers, i believe it works; what do you think?

[Christian Bors]

@Niyi Adewole  If the numbers work, then do it!  But no one can give you helpful advice with the information you provided.  Imagine if someone was selling you a car and you listed the purchase price and said it has a new paint job.  Should I buy it?  No one can give advice to that.

 You need to add type of neighborhood (working class, warzone, upperclass etc...), taxes, insurance, repairs, cap ex, management or self management, utilities, etc.....  There's a lot to consider when purchasing a property.  Without the full picture, BP forums cannot help.