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Updated over 6 years ago on . Most recent reply
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Questions on Mix Use Property
My team and I are looking to get our second property under contract and it's a mixed use building- Store front w/ residential apartment up top, and two single family homes attached- very strange...
Here's what I know before visiting the property:
- It's downtown in a very mall city with a historic board
- Separate meters for electric
- One bill for sewer and well (I'm assuming it's county sewer but will investigate further to ensure not a septic)
- I'm going to ask for the leases and ask the renters what they're paying for rent.
As a mixed use building I'm assuming I'd need to dig into the store fronts financials to ensure they're capable to afford the property. Anyone have any more guidance on this? Thank You