I can see the vision! The potential! 4 beds and 3.5 baths per unit! The ability to own the entire building. A multifamily at this price!? Fire damaged, yes, it would require tenacity, patience, grit...but what doesn't? Sleep? Success comes from taking calculated risk. I know...Scary? Well its not actually. Let's take a look at the numbers. Purchase Price: $130K Rehab Price: $140K Sum: $270K $270k / .60 = $450K (ARV) $450K (ARV) / 3 (Units) = $150K (ARV per unit) We are only accepting offers from Cash Buyers. Do your own DD. Make an assessment and capitalize. Call me.
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