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Updated 5 days ago on . Most recent reply

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Joe Adam
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Help on what to make as first offer on triplex?

Joe Adam
Posted
  • 3/19
    • 150k sold
  • 4/25
    • 239k quit claim deed (divorce/family transfer, not actually sold)
  • 5/25
    • 300k listed
  • 7/25
    • 290k price (decrease)

It's been almost three months on the market.

I realize some of you will recommend offering whatever satisfies the numbers. But I want it for less than that. I want it for the lowest the seller is willing to go.

What should my first offer be? This may be TMI, but it rents for about $3000. Taxes are $4.4/year. Current rents: 1295+900+850=3045. Fair Market Rents, 40th percentile without subtracting utilities: 1582+1055+1055 - 400 utilities (assumed) =3292.

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