Analyzing 25 Unit Apartment Complex

[Lawrence Rutkowski]

Hello all,

I am looking at acquiring my first apt complex and I'm not sure exactly what information is necessary to provide to my money partner.

I already have a vague picture through having effective gross income/operating expenses and NOI, I'm not sure what else I need to look at to valuate these buildings.

Any help would be much appreciated. 

[Troy Gravett]

sales comps, rent comps, market demographics, cap
rate, consumption rate, market vacancy, potential upside, condition of building and units, ind or master metered, age of building, condition of roof, electrical, and plumbing, washer/dryer, good or bad management, implementing new streams of revenue, hvac, projected investor returns, IRR, equity split, rehab budget, marketing plan,