Updated about 9 years ago on . Most recent reply
4-plex good or bad
Selling for 179,000 close to shopping/food. What would you pay for this 4-plex? Good rental history, and is maintained. I do believe there is tenant living in there also.
Most Popular Reply
@Kapou Lor ask for the trailing 12(rental income of the prior year, request last years expenses, and research the cap rate of that area. Also do some investigating and find out online through the municipal website if there are new businesses coming in/exiting. Is the population growing/decreasing? Is employment growing/decreasing? The property is the last thing to worry about, investigate the economic climate of the are, population growth and job growth.
If everything checks out positive, then analyze the property. Best of luck!