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Updated about 15 years ago, 11/20/2009
Is this property worth 500k?
It is a commercial property located in south florida. On it there is a convenience store, one large warehouse with office space in front, and 5 small apartments they are kind of like little villas because they are are little free standing houses. heres the rent break down.
apartments = $600 each = $3000
Warehouse = $2,000 but is vacant at the moment.
Store = $3500 with lease
How much would you say this is worth? Property taxes are 10k.
Thanks,
Doug