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Real Estate Deal Analysis & Advice

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Karlo Alamo
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38
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Help me analyze this deal please!

Karlo Alamo
Posted Sep 26 2020, 09:33

Beautiful brick Apartment building. sits on a whole block of its own having over 14,000 sq. Ft. Has a new industrial roof since 2017. Electric, plumbing, and water were separated out for each apartment about 10 years ago.

All the areas have their own furnace, water heaters, showers, laundry, and kitchens. Also, Central heat and AC, and firewalls between each apartment. Each place has interconnected smoke alarms.

Apt 1 is a 5bds/4ba

Apt 2 is 4bds/4ba, 2 office rooms, a laundry area, a kitchen-dining room & a living room. It also has a connected apartment that is a 1bd/1ba

Apt 3 is a 3bds/3ba

Apt 4 is a 4bds/4/ba (only two showers)

Apt 5 is a 2bds/2ba but is not finished. (this is where I would live to have free rent and finish whatever work it needs)

There are two large boiler rooms located on the Northwest side of the building that is used for storage.

There is a big park-like lot to the west that is part of the place.

Could be sold separately as it was surveyed and is considered residential.

Once again, Thank you!!!

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