Bob StevensPoster
#3 General Landlording & Rental Properties Contributor
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80 UNIT COMMERICAL EUCLID OH
I just went to contract last week on an 80 unit (each unit has 3 -5 offices, used to be all doctors' offices) in Euclid OH, rehab budget of 1 mill, should be a bit less. Net income about 450k on 750kish gross. I am thinking about flipping the contract (to a cash buyer) for 1.8 mill so the buyer will be all in under 3 mill, ARV about 4 mill, or should I keep ?