5 Unit GA Property Analysis

[Eric Bentley]

Hello everyone! Hope everyone is staying safe! I'm a new investor in Georgia and I'm new to the BP forums. I have a property analysis here for a 5-unit apartment building in GA that I was hoping to get a review on to discuss ways I can improve.

This 5-unit is currently listed at $350k with $2,750 per month in current total rents, with room to increase those down the line. Based on my research, the current owning entity paid $206k in May of 2020 and I was unable to find any info on them rehabbing the property but it is in very good shape for the area. Because of their original purchase price, there may be some room for negotiation but just by these numbers so far without calculating the increase in rents, the profit and returns are pretty good.

Please let me know what you think. Thank you,

-Eric

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