Updated over 7 years ago on . Most recent reply
Small commercial property analysis
Looking at a small commercial property. 3 apartments over 2 retail spaces in a small southern town. Not growing, but it's in a fast growing county. Don't expect it to grow too much over the next 10+ years.
Sales price: $260,000
Gross income: $35,700
Leases are mostly ending in late 2018. One apartment lease through 2020.
Expenses (insurance, water, electric): $6200
Prop. taxes: $7832
Thoughts? Questions?