Updated almost 6 years ago on . Most recent reply
Analyze this deal please
I have the opportunity to purchase a 20 unit apartment complex from my father. Consist of 8-1br, 8-efficiencies, and 4 units in between. There is some deferred maintenance but it’s mostly cosmetic to exterior of building. Purchase price is 600k. Gross rents are $10,300 with 3 vacancies currently