First Investment Deal Analysis advice
I'm working with a realtor in the state of MD and he found a property that I would like some feedback on, if possible. It's a six unit multiplex in a small town in Maryland (about 15K population), list price is approx 350K with gross monthly rent of $4925. Taxes are listed as $3996. Built in the mid 1970's and has separately metered electric with heating and cooling electric. Listing has $11,500 as yearly expenses, but this appears low (not even close to 50%). Says the roof and windows were replaced in 2007.