Jul '25 • Crunch The Numbers
First Broker call
Just got off my first broker call. It was amazing. I handled it well. Asked the right questions. I feel like this could be a very great deal. I need help on this one.
Purchase price 695,000
Assumable loan at 3.5%
Down payment must be 300k
NOI $64,800
Cap 9.3%
Turnkey 5-unit brick building, fully renovated with over $200,000 in capital improvements—everything is brand new, ensuring
low maintenance and a hands-off investment. Each spacious unit offers 2 bedrooms, 1 full bath, and front/rear entrances for
added privacy and convenience. The property features a 4-car brick garage, basement storage, and shared laundry,
enhancing both tenant appeal and rental upside. Units 1–4 rent for $1,350/month including garage and storage. Unit 5
includes storage only. The current owner is not monetizing garage or storage areas, offering immediate value-add
potential. With forced-air heating and all systems updated, this is a strong, cash-flowing asset positioned for long-term
growth and stability. The garage and storage is currently not being rented. Apartment building close by is
achieving rental rates of $2,000 per month for two-bedroom units.
10
9 comments
First Broker call
skool.com/commercial-real-estate-101
Skip the houses. 🏠
Buy apartments, RV parks & self storage.
Commercial real estate made simple.
Leaderboard (30-day)
1
+136
2
+39
3
+38
4
🔥
+34
5
+27
Powered by