I have found a commercial property the has 8 units and sits on a 21,954,240sf lot with a large concrete parking lot in front and gravel parking space in the back. The property also has a vacant 24' x 40' warehouse. All 8 units are currently leased with 6 of the 8 units leased for the past 30 years by the Department of Human Services, another unit leased by US Cellular for the past 15 years, and the last unit leased by a small clothing boutique. The property currently generates a little over $7000 a month. The asking price is $685,000.
My dilemma: The only real estate experience I have to date is the purchase of my personal house and I have little to no money to invest ($15,000 at most) on this property.
My question: What if any options might I have for buying this property? Thanks for any and all advice!
