Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

3
Posts
1
Votes
Jason Morrison
1
Votes |
3
Posts

commercial building with apartments

Jason Morrison
Posted

Total Newb here...   

I'm thinking about purchasing a building in the down-town area of my small town. It has a commercial space on the main floor that has had a nail salon tenant for about 7 years. The upstairs has 3 apartments, 2 2bdrm and 1 1bdrom. I'm wondering what additional considerations need to be made when thinking about a a commercial building instead of a residential property. The numbers seem good to me but I'm worried I'm missing something. Total rent is $2000, purchase price would be ~$155,000, taxes $3700. I'm not sure what insurance would be. The county has its value shown at $200k. Is there any way to do a BRRRR on a property like this with tenants? can I just refinance it after a year and push for a higher valuation based on the existing rents?

Loading replies...