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Real Estate Deal Analysis & Advice

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Patrick Russell
  • Real Estate Investor
  • Jerseyville, IL
2
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37
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Need help analyzing apartment/commercial building.

Patrick Russell
  • Real Estate Investor
  • Jerseyville, IL
Posted Sep 10 2015, 14:05
I looked at a building tonight and wanted an opinion on what others think. Or best way to value the deal. It's a building with 2 commercial businesses in the lower level that rent one for $450 a month the other is only open 3months a year and only pay $1800 a year as well as one apartment three bed 2 1/2 bath 1700 ft.² but then there is eight apartments upstairs all one bedrooms but only three are rented out at 300 per month and one is 200 per month all the other units need remodeled before they are able to be rentable just trying to find the best way to do the numbers on this project The lady has had the building for about 30 years and she does month to month leases so it's hard to go off of income per year as well as expenses any help is appreciated I have more numbers for sizes of stuff if needed to help analyze this project

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