Updated almost 8 years ago on . Most recent reply

Thoughts on this Deal
Hi All,
New investor looking for a little feedback and/or constructive criticism on a deal I'm analyzing. This is a mixed unit building, 8 apartments (1BR/1B) and 2 retail offices. Offices are leased up for 5+ years with long term stable businesses. Apartments have historic 100% occupancy. Rents are only slightly below market, $50-$100. Roof and windows were all replaced last year, but older brick building built in 1930. Great location in Chicago suburbs, short walk to public transportation.
I have attached the numbers and my analysis. Strategy is long term buy and hold for passive income. Numbers below are run with a disposition at 10 years with a 7% cap rate at time of sale. Any help or feedback is greatly appreciated.
Thanks in advance,
Scott