Medium multifamily covers properties of roughly five to twenty units, the first tier that crosses from residential into commercial classification.
Log in to followSomething I ran into on a 9-unit in a secondary market that I haven't resolved. The guide logic is that at five units you're valued on NOI and a cap rate. That's how I underwrote…
Working a 14-unit at 1.62M asking. My underwriting lands NOI at about 96k after a 5 percent management fee and 300 per unit per year in reserves, so roughly a 5.9 going-in cap. Ba…
11 units, bought with rents at 950 across the board, market supports 1,150 and I've turned 7 of them at that number over the last stretch. Four are still on legacy leases that rol…
I'm finishing my salesperson license and looking at a 12-unit at 1.05M as a first commercial-classified purchase, and my operating expense line is guesswork. Specifics I can't pin…