The complex is listed for $675,000 and this price comes from each apartment being valued at $90,000X32=$2.8 million discounted 76% for the number of years in the program. 

I have the opportunity to purchase a 31 unit apartment complex for 1.6 million.

It's a half baked concoction that really only means you have a million dollars worth of commercial general liability insurance, have passed a background check and paid the application fee.

I am a retired HERS rater and now builder of multi million dollar commercial buildings.

Plus, my 57 Unit complex in Mentor is approaching 5.5 million valuation based on NOI and current sales etc.. same product, same quality.

Would love to get any insight on that if someone is willing to put up with my millions of questions.My main goal for this post is make connections with any realtors, lenders, flippers, etc. in my area and if you're up for it, meet up for a cup of coffee (on me of course) to chat real estate.Thanks everyone!

Property line is adjacent to a million dollar + SFH residential community, with residential development(s) in the mid 400k to 600k within surrounding areas.

Property line is adjacent to a million dollar + SFH residential community, with residential development(s) in the mid 400k to 600k within surrounding areas.

@Charles Chester that $7 million railroad deal seems like a play for very experienced people with deep pockets.

Okay you are opening a million options: what about people with pets, allergies, fear of covid, disability.