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All Forum Posts by: Matthew Grabarczyk

Matthew Grabarczyk has started 1 posts and replied 2 times.

Multi-Family and Apartment Investing

Post: Advice for my first deal

Matthew GrabarczykPosted
  • Posts 2
  • Votes 0

Thanks for the replies everyone.

it is in the midwest(Ohio)

Single family houses in the area go for 50k with rents around 700/month

Average income in the city is around 35k

It's definitely dated, needs paint, carpet, fixtures, was built in the 60s

sewers and utilities recently updated

Current owner says it's easy keep fully rented out as a lot of contractors get on long term refinery projects nearby

0 Votes
Multi-Family and Apartment Investing

Post: Advice for my first deal

Matthew GrabarczykPosted
  • Posts 2
  • Votes 0

10 unit, 1bd/1bath studios. 

Rents @600 each. 

Asking 150k but the caveat is the owner pays all utilities.  

What are your thoughts on this scenario for a first deal?

0 Votes