How much to offer?

[Jeet Sangha]

I like this 8 unit multi family apartment complex. It's listed for $430k, total rent is $4640/month. 4 units are 2/1.5 for $630 and other 4 are 1/1 for $530. Built in 1985

What would be a good starting point for negotiations.

Looking forward to your responses.

Kindly,

[Carolina E.]

@Jeet Sangha This is very little information to go on.  You need to find out if the property needs any repairs, are the units all being rented out and are they at market rent.  Is it a good area. Have all tenants been paying on time and keeping the properties in good condition.  These are a few things you should look into.  Hope this helps.