Opinions wanted
Ive found a 5-plex with all 1/1 apartments selling for $135k. The apartments rent for $350 each, which is approximately market price. I might be able to go up $25-$50 after updating. Owner pays water (about($150/ month), tenants pay all other utilities.The place is well taken care of with no obvious defects. It just needs some updating on its 25 year old carpets, etc. Taxes are $104/month, insurance approx $150/month. Cashflow looks to be about $100/door/month to me. Opinions welcomed :)