Mixed Use Office/Shop/Storage & Residential 3/2 Home

[Tyson Cox]

Investment Info:

Office Space buy & hold investment.

Purchase price: $267,000
Cash invested: $100,000

This purchase was made for a very specific purpose. We were currently spending $850/mo for a local 1000 sqft garage space that was being used for storage and shop purposes. We wanted an office with storage/shop that would pay for itself. We chose this home as it located in a limited commercial district which means it can house, both, office and residential units. We also liked it as it was easy to split with a daylight basement to the parking lot and a 3bed 2bath home upstairs. We have done an extensive remodel to create our storefront office and shop with storage space on the lower level and a fully renovated 3/2 home used for mid-term and short-term rentals throughout the year.