Updated about 10 years ago on . Most recent reply
Should I convert storefronts to apartments???
Hello community, I am currently waiting to close on a property with 2 apartments (with tenants @ $600/month each) and three storefronts(all storefronts vacant).
This is property is very ideal, mostly because I have to do VERY LITTLE work and sale price 79k.
My question is, should I convert one (or two) of the storefronts into apartments? You see the previous owner used two of the storefronts for decades for his own personal business and just closed up shop due to retiring.
I am always confident that I can rent an apartment, and being that I am getting this for only 79k makes it seem like maybe I should because I have other commercial property and it is difficult to get a business to move (and stay).
I appreciate your feedback!