Advice on this commercial multi family

3 Replies

Good morning, I have been looking at this property local to me in Tucson and to me, it looks like the numbers work out nicely. Could I get some other input? What do you think? What jumps out at you and what questions should I be asking before and during a conversation with a lender? Thank you.

11 mobile homes, 1 house, 1 commercial space. Class C I’m not a great part of town. MH rents between 350-450. Home rents 650. Commercial rents 850.

Actuals from 2018:

Gross rental income- 68,700

Total Expenses- 36,148

NOI- 32,225

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