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Multi-Family and Apartment Investing

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Jacob Morgner
  • Contractor
  • Merced, CA
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14
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Do you think this is a good deal?

Jacob Morgner
  • Contractor
  • Merced, CA
Posted Oct 21 2011, 11:16

Hi Everyone!
Looking for opinions and discussion.

Here is the description:
22 Units composed of 8 - 2/1.5 and 14 - 2/1
100% occupied
Monthly Income = 11k
Monthly expenses = 4k
Net Monthly Income = 7k
Annual Net Income = $84,000

$925,000 price makes cost per unit $42,000
Located in Central Valley of California

As I said before, looking for other investor opinions and discussion on why you would or would not consider a deal like this.

Thanks!

:D

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