Is it a good deal? No central heating and Air
I came across this Four-plex that need about 40K rehab for 2 of its apartments, 1910 building in downtown, combine water meter and electricity, 50% occupied, 2 units that renovated are rented and other 2 units need total gut rehab that might be around 40K according to seller. Main thing that's bother me is NO central Air and Heat. Seller said split units in already renovated units works great. 189K asking price, 3K is monthly rent from all 4 units, that includes Utility. Seller is an investor who is busy with multifamily deal that he just accquire and lost interest in this four plex. Hope to hear from seasoned investors