Unknown expenses before making an offer?
Hey everyone,
I've found a potential property investing in through craigslist and I had a few questions regarding it.
Here are the details:
Triplex fully rented: ASKING $479,000
- 3 Bed 2 Full Bath (rents for $1200)
- 2 Bed 2 Full Bath (rents for $950)
- 2 Bed 2 Full Bath (rents for $950)
They say that the tenant pays for cable, electric, gas/propane and the landlord pays for insurance, mortgage, property tax, and trash. It seems fair for who pays what but if anything sticks out at you, let me know. The only thing I don't notice is water. When I asked the realtor for more information he told me, "All other information is normally provided by the owner during the inspection period once an offer is accepted."
I looked up some information from the county assessor's website.
The only thing I could find about property taxes / net assessment was from 2012 it had a net assessment of $299,118. How can I get more current information on this?
A very similar 4 plex down the street is was listed for $449,000 and is pending now. Most of the other multifamilies in this area are bigger than a 4 plex.
How do I know how much I would pay for a property manager to maintain?
Does this seem like a good deal to get more information on?
Thanks