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Updated over 6 years ago on . Most recent reply

Brandon Johnson's profile image
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Brandon Johnson
  • Member since Nov 30, 2018
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Brandon Johnson's profile image
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Brandon Johnson
  • Member since Nov 30, 2018
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Brandon Johnson
1
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6
Posts
Multi-Family and Apartment Investing

Is this a good deal? (16 unit Multi Family)

Brandon Johnson
Posted

Need assistance analyzing whether or not this is a good deal.

16 unit multi-family (1br/ba)

100% occupancy

Currently renting out each unit for $500 (about $100-$150 below market rents)

6.7% cap rate

Grade C area

Seller asking $875k

(Please comment if more are needed 

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Ben Leybovich's profile image
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Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
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Ben Leybovich's profile image
Ben Leybovich's profile image
Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

If you pay about $40,000 per door and get rents up north of $600, you'll be OK. Not better than OK, but OK.

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