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Charlene Ball
  • Professional
  • Billings, MT
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Good deal for someone??

Charlene Ball
  • Professional
  • Billings, MT
Posted Jun 25 2014, 08:43

Found a 6 unit apartment (2-2BR & 4-1BR) in southeast Montana, closest town within 40 miles has in 2012, a population @ 2333 & median income in 2011 of $76000. 

 Average annual rent collected in last 4 years = $30597/yr,  Taxes & Insurance $2620/yr, $ 8065 utilities/yr

I have no money therefore I can't do this deal, I would need 100% financing. Thus prob now a good deal for me, also I am a newbie and don't really know what I am doing.

Owner will replace all windows with vinyl and paint exterior and hallways. Carpets need replaced soon.    We can manage ourselves so don't need pm.

Any feedback?

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