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Updated over 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Santa Monica, CA
13
Votes |
43
Posts

Multi-Family/Commercial Building Deal! Need input!

Account Closed
  • Investor
  • Santa Monica, CA
Posted

Hey all! Check out this deal I came across and let me know your thoughts on it! I did this at the assumption I would be purchasing the asking price!

Info: 3-1 bedrooms, 1-2 bedroom, and a commercial space

Rents: I assumed $200 less than the average active listed rents in the surrounding area

Returns: Interested to see what you guys think about this deal!

If the image quality on the JPG below is bad, here is a link to my google drive! 

Subject Property Analytics

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126
Posts
67
Votes
Spencer Abeyta
  • Property Manager
  • Colorado Springs, CO
67
Votes |
126
Posts
Spencer Abeyta
  • Property Manager
  • Colorado Springs, CO
Replied

Because electricity and gas are monthly expenses they need to be multiplied by 12 to come to the annual amount.

So $200 electric should be $2400 and $500 gas should be $6000 total for year 1.

I would also highly recommend that you transfer the cost of both electric and gas onto the tenants as this would decrease your annual expenses. Plus it is shown that when tenants have to pay utilities their usage actually decreases.

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