Updated almost 8 years ago on . Most recent reply
What would you pay for this 3 unit
Single family home in a C+ to B- area. Property consists of 3) 2br units that are all a large self contained, 1100 sqft each. Property is completely renovated and all units are individually metered for all utilities except for water/sewer. Very nice renovation with all new major mechanicals and interiors including laundry in each. Rents in the area are solid at $900-$1150 for a 2BR of this type. I have other 2br townhouse units in this area and i am getting these rents.
With a possible gross rent roll of $3450 per month whats the max you would pay for this property using market rate financing to get a nice return?