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Updated almost 4 years ago on . Most recent reply

User Stats

34
Posts
18
Votes
Myres McDougal
  • Real Estate Agent
  • Arvada, CO
18
Votes |
34
Posts

What is the Magic Number for a Six Unit Property?

Myres McDougal
  • Real Estate Agent
  • Arvada, CO
Posted

Hi Everyone, 

I keep watching this property, a flipped six unit apartment building in Arvada. The price just dropped but still is not making the cut when I run the numbers. I though it would be interesting to see what the community thinks the right price is for the property?  And what would you rent the units for? Also, I noticed a little red flag that may effect future profit? Do you see it or any other? 

7700 W. 68th Avenue Arvada CO 80004. MLS # 3999671

Price $1,675,000.00   

Assume 80/20 % Loan

Tax (Realist Tax) $4186 -2020

Most Popular Reply

User Stats

38
Posts
15
Votes
Jimmy Vasquez
  • Realtor
  • Castle Rock, CO
15
Votes |
38
Posts
Jimmy Vasquez
  • Realtor
  • Castle Rock, CO
Replied

I was just looking at multi-families around the Front Range. Conclusion: The plexes on the MLS are overpriced for what you get in rent. You can buy SFHs and make better cash flow.

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