deal or no deal? phoenix area multi
so being new to REI I wanted to get a few eyes on my 1st deal and see if I could get the opinions of a few people here on BP.
asking price 249k, 4 unit mulit. 3 2 bed one bath, and a 3 bed 2 bath SFH with a pool on the same property. The 2 bed units are rented for $600 each, and the SFH is rented for $950. owner pays water and trash that averages $250 a month. Property tax is $1900. The property was built in 1971 and looks to be in good repair with central a/c. The property is located in Glendale, AZ.
I plan to use a buy and hold strategy and use the cash flow for capital for my next deal.