if i package a 4plex and a 2plex in one purchase.......

[Bo A Vanecko]

have i now ventured into a commercial note/property vs multi family?  if i am evaluating these how best to run the numbers?  

the units are right next door sharing a parking lot.  right now there is not enough spots to turn the duplex to a quad but we are researching that.

if i can find a way to get two more spots we can turn the duplex to a quad.  it is 3800 sq ft so easily room for a quad or tri at min..

but the bigger question is if i purchase from a wholesaler as one note buying both properties do i run the numbers as a commercial property and evaluate using cap rate or can i run them separate using the normal property calculators?

just curious how others would approach this purchase.

right now numbers looking as follows:

150K purchase for both

250K rehab needed

rents around 750 conservatively now and 850-950 if we upgrade appropriately

running a few scenarios now but curious how others would approach :)

need to act fast on this one so may be making a move in next 24 hours :)