favorite this post $500000 / 19090ft2 - 1.5 MILLION$ COMMERCIAL FOR $500k (All in at a 19% cap rate) hide this posting unhide




This building was recently valued at almost 1.5 million by a broker. The broker calculated comps of $77 per sqft on it and the sqft is 19,090. Which is around 1.5 million after it’s all fixed up. It needs about $280k in work, my partner and I are giving it away at $500k for a discount wholesale deal.

The building is also customizable with support beams. At almost 20,000 sqft it is ready to be converted into 18 units as well. Appraised as a DBR or downtown business residential. This means it’s right in the middle of the city and the town recognizes it to be a residential for a multifamily, business, and permission to be a mixture of business and residential. If interested call at show contact info .

Off market, Commercial, Fixer upper,
Apartment, deal, complex, multifamily, units, cheap, vacant, owner, office, repairs, handyman
  • it's ok to contact this poster with services or other commercial interests

post id: 6896068201



best of [?]