Updated over 6 years ago on . Most recent reply
14 unit commercial property
I recently came across a 14 unit building that includes 3 store front units and 11 apartments. The location is decent, I'd say the building itself is C class with value add potential. All units are rented. I think this is a great opportunity however the building needs some updates and I'm not very savy on the commercial side. I can also email you the the full listing from the broker if you would like. Thanks for the help!
Asking price is $595k
11.4% cap
Gross income $134k
Gross expenses $63k
Net operating income $68k