Nicholas J.Poster
- Fire Sprinkler Fitter, Property Manager, Handyman
- Saint Stephen, MN
- 5
- Votes |
- 52
- Posts
Potential 8 unit deal
Appreciate any feedback I can get on this 8 unit (2/1) I am looking at. I am only familiar with SF homes and have been wanting to get into small multi for over a year now. I've looked at this 8 unit two times and wondering any and all opinions with the information I've gathered. Asking $389,000
8 unit Annual Rent Income = $54,840
Annual Expenses
- Gas/Electric = $5020
- Insurance = $3500
- Property Tax = $6396
- Water/Sewer = $3535
- Trash/ Lawn / Snow = $2400
8 year old roof, new water heater, old hot water boiler
Tenants pay their own electric
Coin operated washer/dryer
I will be purchasing with 20% down
I have my own numbers and have included 5% each for vacancy/ capex in mine. Just curious of more experienced multifamily investors and what your opinion is. Similarly properties in rougher areas have sold fairly quickly at or above the price of this one.. this one has yet me be marketed. Thankyou!