I have a deal on the table but I need some feedback from you more experienced investors. The deal consists of 30 units: a 10 plex, a few triplexes, and some small single family homes. The rents are in the lower range from $275-550. 6 of the units are vacant.
Right now the units bring in $8600 monthly, with 6 units vacant. We have made an all cash offer at $585k, but the seller has countered at $600k. I believe there's room to raise each rent either $25 or $50 per month, hence raising the value of the properties. So, I have attached a few analyses here to show the numbers:
Any feedback or advice is highly appreciated!
I know this was from last year.. I stumbled across this and I am now curious on how did this turn out? If I would have saw it last year I could have given you some feedback. Hope it went great and here is to your success! *Cheers*