Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

9
Posts
1
Votes

Multi family fixer upper analysis!

Stephen Sherwood
Posted

Hey, just found a 24 unit apartment complex in a Midwest city that was totally redone in 2016 and it has 24 units with 15,172 sq ft total.  All apartments are rented and they want $1,450,000.  Taxes- $10,250 year.  The building is 1.5 miles from a 10,000 student University. They have some 1bd 1bath for $600 rent so if they all rent for $600 x 24= $14,400 (some are more).  Calculator shows $290k down, $6000 monthly payments. With taxes, management, etc estimating payments of $10,000ish monthly. Are those numbers somewhat accurate?  Thanks for your time! 

Loading replies...