Apartment buildings with commercial store fronts
I am interested in purchasing an apartment building as a first investment property, it's the only building that has decent numbers at first glance. It is an 11 unit building with two store fronts. Only 4 of the 11 units are occupied at just under 600 each unit per month. I'm planning on going to see the buildng and ask questions on Monday. How should I determine the overall value? Current list price is 159000, taxes are 4300 a year. Are there any questions other than why are you selling? and what keeps the rest of the building from being rented? That I should ask? Thanks for your help!
Newbie Jason Smith