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Real Estate Deal Analysis & Advice

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David Ramos
  • Cleveland, OH
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Is this a good deal / what's the next step?

David Ramos
  • Cleveland, OH
Posted Jun 16 2016, 15:33

Hello, I am super new to this community/real estate. I want to get started with multi family units. My goal for this year is to learn as much as possible. I found this apartment complex on loopnet.

http://www.loopnet.com/Listing/19823690/6384-Ridge...

 It's about 10 minutes away from where I live now (the area is pretty good, with some new businesses coming in). It says all 18 units are occupied, and rents in our area range from $550-750).

A couple questions:

1. How do I go about learning more to see if this is a good deal?

2. If any of you are in the Cleveland area, is this a deal you would go after?

Thanks for any help!

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