4-plex numbers overview
How does this 4-plex deal sound to you guys?
2 apts rent for $500/mo
1 apt rents for $525/mo
1 is currently being renovated & when ready will be renting also for $525/mo
Insured for $200k
Property Tax $653/yr
Hazardous & Flood insurance $2771/yr
4000 sqft
2/1 & 2/2
6.3 miles from major University
asking price $125k
I will be going to look at it tomorrow.
You guys helpful information & suggestions are greatly appreciated.