Multifamily Purchase Analysis?

[Michael Autry]

Hello,

  New here, I'm a single door investor ATM and have a desire to learn more about multifamily investing.  I have found what I believe is a potential opportunity but am unsure how to asses the deal.  I know many people on here have assessed numerous deals in the past and I have browsed many of those.  Thank you in advance to all who respond...

4 Triplexes in Knoxville, TN:

http://www.loopnet.com/xNet/MainSite/Listing/Profi...

Cheers,

Michael

[Kenneth Reimer]

@Michael Autry As @Ben Leybovich pointed out, you need information to even begin to analyze the property. I would reach out to Mr. Snellings (listing broker) and ask for the rent roll and profit and loss/trailing 12/operating statement. You then need to find out what comparable units are renting for in the market in which the property resides. If you become serious in your pursuits, you should find out job growth, major employers, nearby schools, average age of the residents, local management companies, etc. 

For the sake of analysis in the BP forums, I would include the operating statement, and rent comps in the area. That will at least give the community a starting place. Lastly, if you have Mr. Leybovich on this post, I would highly recommend it. He's quite the experienced guy; it's also pretty entertaining to listen to him bag on @Brandon Turner when he gets all riled up.