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HomeForumsStarting OutThoughts on a deal I came across
Thomas T Huckabee's profile image
Thomas T Huckabee's profile image
Thomas T Huckabee
  • Member since Apr 20, 2018
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Thomas T Huckabee's profile image
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Thomas T Huckabee
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Thomas T Huckabee
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Starting Out

Thoughts on a deal I came across

Thomas T Huckabee
Posted

I came across a potential opportunity today and would like anyone's ideas about it. 

I found 4 single units. One is 2 bed and the other 3 are 3 bed. Asking price is 560k. All 4 units are currently leased out and have been steadily leased for the last decade. Homes are in good condition.

Rent on each unit is in the 1150 a month range so about 55k a year income. Taxes and upkeep are about 7k a year. 

From the overview it sounds and looks good but I have A feeling they want to sell for a reason. What do you think?

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