Need Advice from experts on buying a 18 Unit Apartment building.
Hello Folks,
I got a 18 unit apartment building under contract and going through the inspection process. I have purchased a lot of single family and duplex’s over the past 3 years but nothing this big.
Building Description: This building has a central gas boiler, water heater, Washer/dryer in the basement. Sits on a slab, flat roof, no parking garage, brick exterior and build in 1971.
My questions are:
-Is there anything specific I need to look for during the inspection? I am planning to inspect all the 18 units to make sure I am not missing anything.
-Insurance – What specifics I need to look for in the policy for a building this size?
Is there anything else I need to be looking here.. looking for feedback from the experts out there..
Thank you,