Good deal for someone??

[Charlene Ball]

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?

[Mike Hepburn]

Very small market and likely local buyer only.

Mike