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Updated over 14 years ago on . Most recent reply

Venkat Raghavan's profile image
Venkat Raghavan's profile image
Venkat Raghavan
  • from Vienna, Virginia
  • Member since Nov 22, 2011

User Stats

15
Posts
1
Votes
Venkat Raghavan's profile image
Venkat Raghavan's profile image
Venkat Raghavan
  • from Vienna, Virginia
  • Member since Nov 22, 2011
Venkat Raghavan
  • Vienna, VA
1
Votes |
15
Posts
Commercial Real Estate Investing

Commercial - 16 Unit -Pricing help

Venkat Raghavan
  • Vienna, VA
Posted

Hey BPers,

I am looking at a 16 unit 2BR 3BR - which need at least $330k in rehab. Currently vacant.

rental income in the area goes for b/w 900-1100.

I was told I should be using income in the last 6 months to run the NOI and use the market cap rate to find the Purchase price...

Its vacant and in need of work - What should I submit the offer for ?

Still working on Financing wiht private folks... just in case if you guys have any other idea to fund this deal ?

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