8 unit analysis
FSBO - Two 4 unit buildings on same property 8 units total. Seller financing - will hold back a second. All units rented with long term tenants - all units in good shape. Gross Income $4675/mo. - property is in Belfast, Maine - property taxes estimated at $5K annual, one house has all utilities paid by tenants, second house has an efficient oil burner - owner has been paying heat. Asking $274K - has to sell and move due to business owned on West Coast.
What do you think. This is a little more than 2 hours from my home.
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