Medium multifamily covers properties of roughly five to twenty units, the first tier that crosses from residential into commercial classification.
Log in to followTurns and light rehab are what my small crew does, mostly for other people's rentals, and one of the brokers I work for sent me a 7-unit as a pocket listing before it goes up. 7 u…
Seller has a 10-unit brick walkup, all 1BR, in a town of about 4,000 people an hour from anything. Asking 620k, which he's calling an 8 cap off his own NOI of roughly 49.6k. Books…
Under LOI on a 14-unit garden-style, two buildings, 1968 vintage, in an inner-ring suburb. Price 1.75M. In-place NOI I can defend is 118k, so a 6.7 going-in cap. Rents average 895…
I model income property all day for other people and I've somehow never owned any of it. Now I'm looking at an 8-unit for myself and the utility structure has me stuck. Building i…
Bought a 16-unit two-story in a secondary market 18 months ago at 1.45M. Bridge of 1.1M, interest only, SOFR plus 350, 24 month term with one 6 month extension at 50bps and a 1.20…
My plan was a duplex. Then my agent sent me a 7-unit at 585k and I've been staring at it for a week. The rent roll the listing agent typed up shows 5,320 a month. Three units have…
I have about 240k I want to put into multifamily and two live options in front of me. I'm on the capital side by temperament, meaning I'd rather read documents than fix toilets, b…
I've spent most of my time on dirt, so this is me stepping sideways into something I only half understand. Seller owns two adjoining buildings on two separate tax parcels. The 9-u…
Working up a valuation on an 11-unit I've been asked to list, and the gap between the rent roll and the bank statements is bigger than anything I've seen. Rent roll says 9,100 a m…