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All Forum Posts by: Wei Tang

Wei Tang has started 1 posts and replied 1 times.

Real Estate Deal Analysis & Advice

Post: Multifamily (6 Units - all 2b/1b) Investing in New Castle, PA

Wei TangPosted
  • Posts 1
  • Votes 0

Hello! We are new in this commercial multifamily investing and are currently presented a deal in New Castle, PA. We have little knowledge about the area and hope to get some advise from your local pros/investors regarding the cap rate, vacancy rate and NOI for such property in a C to C+ neighborhood. The asking price is $250K ($100K down incl. repair and $150K owner financing at 4.1% for 5 yrs). Currently 4 of the 6 units were rented out at significantly lower rate ($425; 2x$525; $550) than the market's.

Thanks in advance for your advice,

Wei

0 Votes