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Updated over 7 years ago,

User Stats

11
Posts
2
Votes
Dustin Moore
  • Rental Property Investor
  • Philadelphia, MS
2
Votes |
11
Posts

14 Unit Multifamily. Is it a buy?

Dustin Moore
  • Rental Property Investor
  • Philadelphia, MS
Posted
Help me see something I might be overlooking :). The complex... •Has 14 units (10-2br1ba, 4-3br1ba) •100%occupancy (good rental history - not less than 90% in past 5 yrs.) •$8995yr Taxes • $8000yr Ins Total Yearly Rent Gross - $90,000 (between 500-550 per unit) Asking Price $499,000 I don't know about previous maintenance costs yet, but I do know that the units are in good not great shape. 10 units were built in 1975, and 4 more were added in 2002! The complex is brick, and is in a B+ community. Any feedback is appreciated! You guys are awesome! THANKS!

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