Updated over 8 years ago on . Most recent reply
Mixed Use - Duplex with restaurants and apartment
Unique property
Duplex (both 2BR) on a corner lot in upscale neighborhood with frontage on main commercial road in town. The property includes two outbuildings. One has a popular pizza restaurant in a long term lease. The third building has a take out restaurant (currently on 1 year lease) and a 2BR apartment attached. So there is a total of 5 units (the two family house, apartment, and 2 businesses).
When leased up it should cash flow slightly, but potential big upside for appreciation based on location.
The duplex is vacant and could be converted to commercial space (lawyer, medical, insurance, etc.)
How would you analyze? Residential or commercial analysis? How would a bank look at for loan purposes?