Apartment Purchase Questions
Hey BP, I'm evaluating (2) 4 unit buildings on the same property that are 100% occupied and have been for 2 years. Revenue is $3900/mth. Expenses (Cap X, Mortgage, PM, Maintenance, Taxes, Insurance) = $3000/mth. There is a finished basement in one of the buildings that's currently being used for storage and a beauty/barber shop in the building. Owner Financing.
I would like some feedback on if the deal is attractive.
Thanks