Should I pursue this deal? · Multifamily Strategy Community

Should I pursue this deal?

I found a 5 unit building in my area, completely vacant, no deferred maintenance, new paint and amenities. Asking 759,000. Based on some quick math, at market rents, $1300, assume 50% operating costs, we come to $39,000 NOI, with a 5 cap in my area, I get $780,000 is what it’s potentially worth. Is this a building worth pursuing?

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