Help evaluating a Mixed use deal

[John Matthew Johnston]

Hi I have SFRs but I’m new to the Commercial/Mixed use arena.

The property: Asking $530,000

Large 16000sft + multi use building

Two 1bd 1 bth - $600 total(way under value)

One 3bd 1 bth $1200

3 commercial spaces - total rent 3000.00

Total rent 4800.00 month

Taxes 4000.00 year

Everything is separated and metered.

There is a lot more space that can be converted to either commercial/residential or storage.

Any insight on if this looks like a good deal?

Most of the spaces that are rented are in ok shape and the other spaces that are not rented are basically large garages