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143
Posts
37
Votes
Khemaro N.
  • Lowell, MA
37
Votes |
143
Posts

34 Unit apartment complex

Khemaro N.
  • Lowell, MA
Posted

Ok my realtor sent me an email for a turnkey deal. it's a 34 unit apartment complex with management already in place. Strong well maintain community. The purchase price is $2,040,000 It was built in 1998, cap rate is 7%. Gross income is $270K. Net operating $142k. I like the numbers. How would I go about financing such a deal? I know nothing about commercial lending.

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