Apartament complex
I need professional help with my numbers.
Is it a good deal or no?
I have all the numbers from 2015.
Asking price: 1.6M
46 units
Gross income yearly:
$292,386.88
Total Expenses: $120,887.82
Estimated Net income: $171,499.06
With minimum renovation the rent can be increased.
Thank you in advance!!!