Updated almost 9 years ago on . Most recent reply
Is this worth the time and money?
Price: $15,500,000
No. Units: 71
Building Size: 54,454 SF
Price/Unit: $219,014
Property Type: Multifamily
Property Sub-type: Mid/High Rise
Property Use Type: Investment
Cap Rate: 5.03%
Gross Rent Multiplier: 11.60
No. Stories: 2
Year Built: 1965
Lot Size: 2.09 AC
Parking Ratio: 1.74 / 1000 SF
Non-Rent Control Market
49 out of the 71 Units are Renovated
Market CAP Rate 5.03% Market GRM 11.60
Gated Carport Parking with 93 Parking Spaces
Centrally Located Near Schools and Shopping Centers
Is this worth it? If so, how could I convince an investor?
All the information is from Loopnet Btw
Most Popular Reply
IMO, newbie + wholesaling + FMV of 15mill = nearly impossible.
Lower your sights and get your feet wet first.