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Real Estate Deal Analysis & Advice

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James Syed
Pro Member
  • Real Estate Broker
  • Mount Olive, IL
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6 Unit Apartment Building, Is it a good deal?

James Syed
Pro Member
  • Real Estate Broker
  • Mount Olive, IL
Posted Jul 9 2016, 19:37

Hello BP, 

I am interested in buying this 6 unit apartment building. 

6 Unit Building, Each unit is 2 bedroom 1 bath, 725 sqft

Total rent $3400 per month

Taxes $459

Insurance $250

Repair & Maintenance $300

Cap Ex $150

Vacancy & Uncollected Funds $340

Trash $60

Lawn Care / Snow Removal $125

Electric, gas, water and sewer are paid by the tenants. 

Purchase price $165,000 (seller will be paying my closing cost)

Click the link below:

https://www.biggerpockets.com/calculators/shared/1...

Would like to get your thoughts. 

Thank you. 

Decent Properties, LLC  Logo

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