let me know what some may think..... INVESTMENT

[Anthony Dre]

Hi all,

im new to this but im looking into this property and want to see what you guys think as an investment......would this be a good deal?

Aking Price : $2.3 million

Property TypeMultifamily

SubtypeApartment Building

Net Rentable (sq ft)13,400

Cap Rate6.11%

Pro-Forma Cap Rate 6.70%

NOI $140,615

Units17

Year Built1928

13 1Bed/1Bath And 4 2Bed/1Bath Units

in New Jersey

appreciate you thoughts

thanks 

[Greg Kasmer]

Quote from @Anthony Dre:

Hi all,

im new to this but im looking into this property and want to see what you guys think as an investment......would this be a good deal?

Aking Price : $2.3 million

Property TypeMultifamily

SubtypeApartment Building

Net Rentable (sq ft)13,400

Cap Rate6.11%

Pro-Forma Cap Rate 6.70%

NOI $140,615

Units17

Year Built1928

13 1Bed/1Bath And 4 2Bed/1Bath Units

in New Jersey

appreciate you thoughts

thanks 

 Anthony - I agree with others that there is not enough information to understand if this is a "good deal". Rather than go into all the specifics I would suggest you read some underwriting books to understand how to analyze these larger deals.

A few that come to mind are:

- Multifamily Millionaire Vol 1&2 (Bigger Pockets) Multifamily Millionaire Book Bundle – BiggerPockets Bookstore

- Hands Off Investor by Brian Burke

-  Definitive Guide to Underwriting Multfamily by Robert Beardsley

There are many others out there, but I would suggest starting with those. Good Luck!