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Real Estate Deal Analysis & Advice

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Niyi Adewole
  • Real Estate Agent
  • Atlanta, GA
93
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207
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Have to make a decision on this tomorrow! would you purchase this

Niyi Adewole
  • Real Estate Agent
  • Atlanta, GA
Posted Nov 2 2016, 19:04

Good Evening Everyone, 

I am on the brink of my very first multi-family deal. 

Counteroffer from Seller = $187,600        

Tri-Plex with a garage are currently renting for $2200 a month.

Brief Description: Built in the 1900's. Metal roof painted and sealed, flat roof replaced in 14'. Most plumbing converted to PEX. Upgrades include, but not limited to, new cabinets, counters, sinks, faucets, appliances, stackable washer/dryers, toilets, vanities, carpet, paint, and smartkey door locks in all units (2014). 

I will be giving cash for keys to one of the tenants and living in one of the units. Would you take this deal?? When i run the numbers, i believe it works; what do you think?

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