My First 4-Plex Deal

[David Cochran]

What would you expect to pay for a 4- Plex near a college campus that has 4 units, each 2 bed and 1 1/2 baths? Each unit rents for $750.00 a month and it doesn't require much maintenance as it is a newer building. Expenses run around 16% of the rental income and the units have never been vacant in the past. I want to put in an offer but I would hate to pay too much. Also, if you were selling a property like this what would you expect to sell it for? I want a good deal but I also want to understand what the seller might be expecting.

Thanks,

David