Mixing Apartment Units w/ Retail Space
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?