Investment Info:

Other buy & hold investment in Essex Jct.

Purchase price: $103,000

Cash invested: $1,500

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I know this isn't a great deal but curious everyone's thoughts on how far away this would be from being a good deal?
- Broker pocket listing
- 20 1BR apts 678 sqft/each in 3 buildings
- C area close to downtown but...

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Hey guys,

If an apartment building brought in $42,000+ gross a year, but was assessed at $80,000 per tax records, would you buy based off the $42k+ gross income or the $80k tax assessment?

Thanks a bunch :cool:

http://chicago.craigslist.org/chc/reb/2697015926.html

Thanks!
Tom

Hello all,

Thanks in advance for any replies.

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