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Updated almost 9 years ago on . Most recent reply

Silenceux Francois's profile image
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Silenceux Francois
  • Investor
  • from North Lauderdale, FL
  • Member since Apr 3, 2016
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Silenceux Francois's profile image
Silenceux Francois's profile image
Silenceux Francois
  • Investor
  • from North Lauderdale, FL
  • Member since Apr 3, 2016
Connect
Silenceux Francois
  • Investor
  • North Lauderdale, FL
9
Votes |
73
Posts
Buying & Selling Real Estate

8 Unit Full Rehab - Initial Offer - Help???

Silenceux Francois
  • Investor
  • North Lauderdale, FL
Posted

Hello Everyone,

I located a 8 unit apartment complex in need of a full rehab. Listing prices is at $200,000.  Each unit is a 2/1 and the average rent for that area is $800. I contacted the listing agent and complex has been vacant for the past 2-3 years. Some units has copper missing and slight water damage. How do I assess the true value to make my initial offer?

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