Is this a good deal?

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Posted by babu on February 05, 2010 at 21:35:29:
I just got a lead which I feel is pretty good deal. I am planning hold this long term. This is a 48 unit apartment complex and the asking price is $325k and is valued around $970k. NOI is $160k. It is in a good location and fully rented at the moment and the property is in a very decent condition.
Is this a good deal on the surface?

Follow Ups:

Re: Is this a good deal? Gary 20:10:06 02/20/10 (0)

Re: Is this a good deal? Mike 08:55:33 02/15/10 (0)

Re: Is this a good deal? ray@lcorn 17:37:03 02/09/10 (0)

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