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Updated over 14 years ago on . Most recent reply
![Sammy Johnson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/55282/1621412196-avatar-dewaynej.jpg?twic=v1/output=image/cover=128x128&v=2)
what price range would make this a good deal
5 buildings comprised of total 14 units rents total 7400 avg rent per unit range from 425- 550 owner says are rents can be raised as much as 200 i wont be offended im not to fair skinned just need some ball park figures to help decide deal or no deal move on to next thanks for any and all advice
Most Popular Reply
![Jon Holdman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/67/1621345305-avatar-wheatie.jpg?twic=v1/output=image/cover=128x128&v=2)
With those rents, the 2% rule works well. So, about $21,250 to $27,500 per unit. Using the $7,400 figure, about $370K sounds good.
Mark's right, though, that more info is needed. If you can buy similar units for $10K all day long, then $7K per unit would be better. If there's no demand, they're worthless. If similar units sell for $40K, there is plenty of demand, and not much work is needed, then $370K is promising. When someone says "you could raise the rents by ...", I hear "blah, de blah, de blah".
Some punctuation would make your post easier to read.