Updated over 7 years ago on .
6-unit commercial building
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $55,000
Six-unit commercial building with only one unit occupied. Purchased from a local bank out of their REO portfolio. The plan is to convert a commercial space to a three bedroom apartment, rehab and rent the other commercial units and build-out a self storage facility in the 4,000 SF walk-out basement.