Updated over 6 years ago on . Most recent reply
First MFR analyze this!
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Hey BP this is my foray into the MFR world of REI. 17 unit C class gem and part of the deal includes a new re-roof for 3 buildings and re-gravel of the driveway plus exterior paint on three buildings. Seller asking $550k and claims 95% occupancy and will have 100% occupancy as a part of the sales agreement. Seller is also offering finance for 20 years at 6%. I need to come up with 25% down. Private money anyone?!
Adding 1-2 more coin-op laundry and PV solar for common areas and dividing the utilities are my future value add projects.
Let me know what you think.