First Offer Accepted in Cincinnati Multi-Family

[Stylianos Kalamaras]

Hi,

I just put in my first offer for a multi family property and the seller accepted. Original asking price was 84k, they accepted 72k. The property was an estate sale and the building was vacant 20 years. Any advice on what to look for or how to analyze this deal? I kind of jumped the gun on this one because it was in an up and coming neighborhood and the broker said it would go fast. It’s two 1bedrm apts in north college hill, Cincinnati