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Ok, so I've been looking at multiplex units in Everett and the numbers look great up there. While a 4 plex on Leschi, for example, runs 811k, and each unit brings in 900 dollars a month. A simple 4 plex in everett can run 250 to 350k, and bring in 5 or 600 per unit. Now the maintenance on the Leschi home is probably nothing, as the one I cite is pretty up to date. But really there's some decent four plexes with good rents up there.
What should I worry about?
Anyone deal in this type of property much?
What should I worry about?
Anyone deal in this type of property much?
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Re: Multiple Family, Duplexes, 4-plexes, investment properties
Sun, February 12, 2006 - 9:54 PMI find the cost of multiplexes in Seattle to be absolutely whacko. I can't find any way to justify them. Not that my opinion has altered the market in any way, but they simply don't pencil out in any way, other than perceived value appreciation.
I've thought about buying something more expensive with the expectation of renting a portion out, but its rare that the numbers work. Rents are creeping up in demand areas, but not enough to come close to a positive cash flow without a massive downpayment.
I think So. Everett is a great place to invest
