I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property in Phoenix (looking at 15-19 units).

Investment Info:Small multi-family (2-4 units) buy & hold investment.

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

@William Weston You don't have to house hack, but if you could fit your family of 5 in a 3BR unit, would this work: https://www.realtor.com/realestateandhomes-detail/8104-Chesw...?

How much money per unit to refit for a new tenant? 

Most contractors here in California will charge their hourly rate and possibly ad on a smaller charge if they need an assistant.  

Nice looking units! 

Hope this helps and feel free to DM me if I can be of any assistance locally. 

DSCR loans are used to finance the property once you have tenants in the units.

I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.