Hello Investors,
The following post is intended as a general discussion and asking for opinions.
I live full time in South Florida and I am a general contractor. I am considering joint ventures in Florida market, specifically multifamily deals.
My extensive knowledge and background in construction allows me to identify good and sound buildings when I see one.
I came across an opportunity to buy a property built in 2018 which consists of 5 units at an asking price of $875,000.00
All 5 units are rented and bring $94,000.00 / year
Market demand can bear an increase of rents by 10%
I am very familiar with the area and I believe the price is below market value for a number of reasons.
By quickly looking at the info provided do you guys think it's a good investment?
