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What are your thoughts on this property?
I am looking at an 8 unit apartment unit in Cleveland, Ms. This is a small town with a college and these units are rented up. the rent is $750 per unit and they stay rented. the selling price is $450,000. What are your thoughts on this purchase. There are no major repairs needed right now.
I have read several articles and many videos on investments of multifamily. It seems like a decent deal. 1.3% 6000/450,000=1.333% SOme people say look for a 2% here but this seems ok.
What are your thoughts?
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