Just wanted to know if this would make a good wholesale deal.
6-family (6 units)
all units are 3 bedrooms/1 bath and can be rented in this area for $650 a unit. they have already been approved by section 8, and are de-leaded.
all major repairs done. needs just cosmetics. seller says would cost about $12,000 to finish, but i think it might be more like $30k to finish.
He has it listed with a realtor fo $230k but he told me he would take 200k. i would like to pick it up for about $185k. i feel it is worth about $350k (springfield, ma)
any and all advice would be appreciated. thanks