I found this deal and I want your input. Multiunit (actually 3 units) all under 1 deed. Asking price $60,000 for both units. Actually its 3 under 1. One is a 6 unit and the other 2 are sfr. Rent is $4,000 monthly, taxes are $3,000 yearly, insurance $1,200 yearly, water/sewer/trash $1,200 yearly. I pulled comps on 1 section and they were $90,000. Not sure if it could be put under 2 or seperate deeds. It needs rehab and I'm waiting for the quotes to come in. The property is located in the city.
Is this something that I should jump on? Would anybody be interested in partenering up and finance this propety. A lot depends on the work that needs to be done. Or maybe you know of someone who would be interested in purchasing
I found this deal and I want your input. Multiunit (actually 3 units) all under 1 deed. Asking price $60,000 for both units. Actually its 3 under 1. One is a 6 unit and the other 2 are sfr. Rent is $4,000 monthly, taxes are $3,000 yearly, insurance $1,200 yearly, water/sewer/trash $1,200 yearly. I pulled comps on 1 section and they were $90,000. Not sure if it could be put under 2 or seperate deeds. It needs rehab and I'm waiting for the quotes to come in. The property is located in the city.
Is this something that I should jump on? Would anybody be interested in partenering up and finance this propety. A lot depends on the work that needs to be done. Or maybe you know of someone who would be interested in purchasing
Heather