Submitting an Offer on 15 Unit MF apartment On market

5 Replies

You provided absolutely no details or numbers, so I would say 1/2% or 1% higher of a cap rate than projects that are selling.  The market is very hot right now, so I would guess the property is way overpriced or has some major issues.

You will get much better responses if you provide some information and numbers.

$233k per door??? Im over here stressing $150k-$180k per door. Try to talk to them and do a physical inspection which includes checking their books too. Make sure all the tenants are paying and paying the amount the seller is claiming he gets per door. GOOD LUCK!