Updated almost 14 years ago on . Most recent reply
Commercial - 16 Unit -Pricing help
Hey BPers,
I am looking at a 16 unit 2BR 3BR - which need at least $330k in rehab. Currently vacant.
rental income in the area goes for b/w 900-1100.
I was told I should be using income in the last 6 months to run the NOI and use the market cap rate to find the Purchase price...
Its vacant and in need of work - What should I submit the offer for ?
Still working on Financing wiht private folks... just in case if you guys have any other idea to fund this deal ?