Buying a 14 Unit commercial building in north NJ,

3 Replies

@Timothy Deaver It really depends on which areas, and what type of property you're looking at. Class A,B,C, etc.

I have seen some good B/C properties with very solid cash-flow for between $75-90K per door. So for a 14 unit you're looking in the ballpark of $1-1.2M

Thanks for the reply,

So that's really what we are going under contract for is 1.1M so we are right there, not my 1st property but the most units in one acquisition. 

Thanks for the input

Tim 

Originally posted by @Timothy Deaver :

Thanks for the reply,

So that's really what we are going under contract for is 1.1M so we are right there, not my 1st property but the most units in one acquisition. 

Thanks for the input

Tim 

Okay. That sounds about right, especially if it is fully occupied, and doesn't require a lot of work. Are you self managing?