Determining Price on Multi Unit Property in CT
Hi, I’m looking for feedback on a deal I’m working on. 7 units ( all 1 bedroom) in CT. Generates $4500 per month. Tenants pay utilities ( all electric). Property in good shape. Asking price is $320,000. My offer of $290,000 has been turned down. I feel in a year or 2 I could get the rents up my 10%. Thanks Greg.