Help Analyzing first Deal!!

[Jared Baker]

I am hoping some of you people out there in BP Land can help do an analysis on this property. This is the first property I am looking at as I am new to REI.

This is a FSBO so this is all the information I have to go on. I am hoping to buy a 4-plex to start with. That seems to be the best choice for me and what I want to accomplish. I am not asking for people to do the analysis for me but, I am more looking for what information I need that isn't provided and what are some tips that will help be create a more accurate analysis.

As I stated above I am looking to get my first property, so with a property such as this what would be the best way of financing a deal like this?  I currently have about $10,000 saved up but I do have a semester of college left that I need to pay for.  Advice in this area would be helpful as well.

Apartment Building For Sale

Four Units; 2-bedroom, 1 bath each unit

Price: $164,500

Please, no real estate agents / brokers / lenders

Very good occupancy rate with good tenants.

Cash flows very nicely. Current gross rents are $2235/month

Works equally well as an investment property or owner occupied.

Some flexibility with providing management services

Four unit two story building in desirable north side neighborhood.

All apartments are two bedrooms, 1-bath with stove & refrigerator.

Parking Lot

Utility Shed

Full basement with commercial coin operated washer & dryer.

Private storage as well as common storage areas in basement.

Furnace: Gas hot water boiler, each apartment zoned separately with own thermostat.

1 gas meter, 1 water meter, 5 electric meters

Three year old roof

Transferable warranty on all windows

Not interested in owner financing

Now that you have read the information that I have, what else do I need to make a proper assessment of the property?

Thanks!