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Updated almost 10 years ago on . Most recent reply

User Stats

27
Posts
4
Votes
William G.
  • Rental Property Investor
  • West Orange, NJ
4
Votes |
27
Posts

With a few numbers can I analyze a multifamily deal

William G.
  • Rental Property Investor
  • West Orange, NJ
Posted

I am looking for multifamily commercial property, of 12 units or more. I found listings basically give limited information about the property, such as a listing in Pennsylvania, 16 unit for 1,600,000 the ad proceeds to it for me that the property has a 7% cap rate, with an NOI of 181,800, at 99% occupancy. From this information could I quickly analyze whether this is a good deal or something that I should pass on? I fully intend to acquire with the realtor additional information about expenses and taxes that rent rolls etc. etc. but I was just wondering if I look at this number or these numbers would I be able to tell if I'm wasting my time.

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