question archive There is a 10 unit apartment complexifor sale
Subject:FinancePrice:2.87 Bought7
There is a 10 unit apartment complexifor sale. All have one BR, separate utilities, acreage to expand, monthly income is $3900 and asking price is $175,000. Assume 10% vacancy, no capital reserve, and 40% fixed and variable expenses. What is capitalization rate? Why would this be attractive for investor?
Purchased 7 times