Let me know what you think!
Hello Biggerpockets, I recently found a property that I love but I'm a newbie so let me know what you think.
Ask price: 1.6m
30 units- 3 buildings 1 6plex 1 11plex 1 13plex all immediately next to each other
current rent is an average of $550 per month but could easily be raised at least $100 with no extra work with work could raise to $950
this is in Missouri
i believe there is a lot upgrades that could be done 2 of the roofs are wood shingles popcorn ceilings everywhere no covered parking just a parking lot carpet could be replaced and railing for stairs is the black metal spindles from the 70s
seller does not want to finance selling this to upgrade to a bigger apartment complex and I don't have any cash so I need to do hard money