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Updated over 9 years ago,
$50K gross rental income. Would you buy?
Hello,
I have an opportunity to purchase a Multiunit (Commercial, residential) property with a $50K yearly gross rental income. The property consists of the following:
2 Commercial store front units
4 2BR Apartments
14 Garages
Purchase Price = $400K
The property has strong tenants on month to month rental leases. Would you buy???