Advice on my first multi family purchase
Hello All. I am currently in contract on my first two family home. This is located near Garfield ave in Jersey City, NJ.
Attached are the details on the numbers. So here are the questions
- The home is a legal two family with 4 units I was planning on renting the first floor duplexed with the basement for 1600 second floor for 1500 and live in the top floor apartment for "free" for 1-2 years would this on paper look like a decent deal
- I have no idea what water, electricity and sewage runs on a two family home
- Where can I look to see if I could actually obtain those rents for that property ( got these numbers using rento meter)
Thank you all very much !