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Updated almost 2 years ago on . Most recent reply

User Stats

88
Posts
23
Votes
Michael Maloney Jr.
  • Livingston County, MI
23
Votes |
88
Posts

Two unit on top - commercial lease on bottom

Michael Maloney Jr.
  • Livingston County, MI
Posted

Hello, I have a couple questions about a commercial property. This would be a big deal and It’s a little out of my league, and I want to be taken seriously with the seller.

This property has two units upstairs, a 2-1 and a 1-1 with a commercial lease to a salon on the bottom.

They’re asking 700k for the property and I have a little over 10% liquid, (80k). Also a local realtor owns it and has it listed.

Is there Anything creative I can do to possibly buy it? I would like to live in the 1-1 up top and hopefully get in at a low down payment, with renting the 2-1 and to the salon on the bottom. I would say it’s a B property in a great location in a growing city.

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