I need help with analyzing this multi family please

[Emad Nasser]

Good deal or bad deal ?! What should i offer ??

Help please

Asking price: 825K

13 units multi family apartments

12 units : 2bed/1bath rent for 750$ a month

1 unit : efficiency room rent for 400$ a month

Washer/dryer room earns about 400$ a month

Apartments in Good shape.

Has window units, no central air.

Parking for 8 cars. Tenants also use the McDonald's parking lot next door.

Water paid by the landlord.

The building has flood insurance too.

100% occupancy.

Tax for 2018 $ 3241.00

Expenses run about $46,000 per year.

[Vlad Denisov]

Originally posted by @Emad Nasser:

Good deal or bad deal ?! What should i offer ??

Help please

Asking price: 825K

13 units multi family apartments

12 units : 2bed/1bath rent for 750$ a month

1 unit : efficiency room rent for 400$ a month

Washer/dryer room earns about 400$ a month

Apartments in Good shape.

Has window units, no central air.

Parking for 8 cars. Tenants also use the McDonald's parking lot next door.

Water paid by the landlord.

The building has flood insurance too.

100% occupancy.

Tax for 2018 $ 3241.00

Expenses run about $46,000 per year.

 Hi Emad,

Imo, you need to give more info in order for BP members to be able to help you. Some of that info would be: the market you consider buying it; future tax; what financing options are available to you, etc