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Updated over 9 years ago on . Most recent reply

User Stats

45
Posts
14
Votes
Gerald McCullough
  • Contractor
  • Jackson, MS
14
Votes |
45
Posts

Multi family deal 30+ units

Gerald McCullough
  • Contractor
  • Jackson, MS
Posted
Hello, this deal came to me I'm not sure as to how I can wholesale it this will be my first multi family could you please help I don't want to lose this one . I have 10 units for sale total, 2 4 plexes....each are 3 bed 1.75 1200 sqft, repairs kept up and kept track of, rent ranges from 850 to 1000 per month. 2 units, possible 4, 2bedroom 1 bath 960 sqft renting for 650, 675 monthly. c/c gross income is 13 % All units have renters in leases only 2 are month to month and that is due to them having lived there for more then 8 years. The asking price for each 4 plex is 265K which makes each unit roughly 65k a piece. At that price your c/c net income is appx 15.8. % The post offers 1 of the duplexes and the 2 condos for 415k... . I also can sell them in another combination as well if necessary. Attached is all the details and cost and profit margin for each unit. download first please to see each units details. Owner is looking to close as soon as possible send in offers quickly . Gerald McCullough

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