Updated over 8 years ago on . Most recent reply
2 four plexes and what I should consider before making an offer
I have been listening to bigger pockets while at work for the past three days and I'm all fired up and ready to go. I just want to make sure and throw this out there to get some feedback before I sink and really mess up.
Listed on the MLS is a package deal, two four plexes next to each other for $199,000 (been on the MLS now 2 days). I looked and these were bought by the current management company for $195,000 in 2002. These each contain three studio apartments and one 1 bedroom apartment. I believe it will meet or be close to the 2% rule in a B class area as I can see the studio apartments generating $400-450 and the one bedrooms around $550 each. Is this something I should consider and what other factors should I dig into deeper?