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Updated about 9 years ago,
Help with chomping a commercial property
Hey BP,
I received a call today about a property that is a duplex is a great neighborhood. 1st floor is a commercial office that is currently vacant. It previously rented for $1050/month. The second floor is a 3 bed 1 ba apartment that is currently rented for $1200. My questions is, do you comp this property like you would a SFR? Or since there is a commercial building attached, does it go by the rental and cap rate? Thanks!