Is this a good deal? (16 unit Multi Family)
Need assistance analyzing whether or not this is a good deal.
16 unit multi-family (1br/ba)
100% occupancy
Currently renting out each unit for $500 (about $100-$150 below market rents)
6.7% cap rate
Grade C area
Seller asking $875k
(Please comment if more are needed
Most Popular Reply
If you pay about $40,000 per door and get rents up north of $600, you'll be OK. Not better than OK, but OK.