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Updated over 11 years ago on . Most recent reply

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Reginald Marquardt
  • Seattle, WA
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Mixing Apartment Units w/ Retail Space

Reginald Marquardt
  • Seattle, WA
Posted

Hi All

Have a ~1.8 mil property available at the heart of the chinatown in my metro area available for sale.

Looking at 7.29 cap with what I could conservatively imagine to be lower than usual vacancy rates for either the 10 units or 3 storefronts.

googledocs with my completed PropertyAnalyzer here:http://bit.ly/17z72gw

ETA: County gov. estimates Taxable Land Value ($) 450,000

Taxable Imps Value ($) 879,700

Taxable Total Value ($) 1,329,700

Location is what interests me the most regarding this deal.

Is it recommended to invest in something like this mixing retail and apartment units?

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