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32
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3
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Matthew Ladner
  • Investor
  • Mobile, AL
3
Votes |
32
Posts

Commercial property in not sure of

Matthew Ladner
  • Investor
  • Mobile, AL
Posted
I am in the market for multifamily properties, but my agent sent a commercial property and the numbers seem pretty decent in my eyes. The asking price is 1 million for around 9,780 sq ft. It has 9 units that are all occupied with business and does a gross operating income of $120,000. The operating expenses are around 25k, so looking around 95k net income. For only 9 units that seemed like a good deal to me, but I am not aware of the risks with commercial property along with if those are good numbers. Thanks for any help.

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