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Updated almost 8 years ago,
What's should the numbers look like?
I am in the market for multifamily properties, but my agent sent a commercial property and the numbers seem pretty decent in my eyes. The asking price is 1 million for around 9,780 sq ft. It has 9 units that are all occupied with business and does a gross operating income of $120,000. The operating expenses are around 25k, so looking around 95k net income. For only 9 units that seemed like a good deal to me, but I am not aware of the risks with commercial property along with if those are good numbers. Thanks for any help.