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Updated over 7 years ago,
Triplex Analysis. deal looks okay with self management
A 3 unit building just came on the market in my area that I think looks promising. These are the numbers I got with the BP calculator with self managing. With using a PM the property is looking to only make about 4%-5% CoC but I do plan on self managing the building. The building was built in 1972 with off street parking in what I consider a C area. I like that the place is a lot newer than majority of the property I see in my area which I think will help significantly with the capex. Also because of the location and unit sizes (1200-1500sq/ft) I think the place will rent out very easily.
https://www.biggerpockets.com/buy_and_hold_results/505355
Do you think this is worth pursuing or should I keep looking?