Mixed-use investing means owning properties that combine multiple uses, commonly ground-floor retail with residential apartments above, sometimes incorporating office space, in a single building or development.
Log in to followGround floor of a mixed-use building I'm underwriting. The suite is 1,800 sf, dark for fourteen months per the seller's leasing reports. Asking rent is $14/sf NNN. A prospect in t…
My first rental closes in six weeks so I'm not buying this, but my agent sent me a listing to look at as a comparison and I can't make sense of it. Small two story, a hair salon o…
Two adjacent corner parcels, about 0.6 acres total, in a small city that just rewrote its downtown-adjacent district. Ground floor commercial permitted and encouraged, three resid…
I'm working through a 12 over 3 in a second-ring streetcar suburb and the way I split the underwriting changes the price by about 18%. Version one: the residential rent roll alone…
I've been reading a seller's package on a 14 over 4 while I wait on my own much smaller first deal, mostly to learn how these get valued. The package includes an appraisal from ei…
This one is on the tenant side of mixed-use rather than the owner side, and I wish someone had walked me through it before I signed. A developer finished a small building near me,…
Listing is $1.6M. Six apartments at $1,400, plus two ground-floor suites, one at $2,200 a month and one at $1,900, both described as triple net. Seller's sheet adds all of it, sub…
This is not the first rental I planned on. I was looking at duplexes and a seller called about a two-story brick building on the main street of a town of about 6,800 people. Four…
Closed a 14 over 3 in a mid-size midwest city last month. 14 apartments, 6,200 square feet of ground floor split into three bays, one of them dark at contract. The listing was mar…
I spent about a year on this forum working out what a first deal actually costs, so here are my real numbers now that six months have gone by. Small brick building on a secondary…
I wanted income and no second job. What I bought is nine apartments over two ground floor bays, 3,100 sf total commercial, one bay a physical therapy practice and one a small bake…
Took on a 14 unit building last year, 12 apartments and 2 ground floor commercial bays. Owner wanted one manager for the whole thing and I wanted the account, so I quoted 8% of co…
Six apartments over 2,400 sf of storefront, building went up in the 1920s, and the parcel got rezoned to a residential district decades ago. The commercial space is a legal noncon…
Bought this one two years ago, 11 apartments over four commercial bays, total ground floor about 5,800 sf. Inherited leases from an owner who had held it since the nineties and ha…
Corner building from the 1930s, five apartments over two storefronts. One storefront is a taqueria with a fryer and a hood, the other is a dry cleaner drop-off. My whole backgroun…
A friend from work put me in front of a sponsor doing a mixed-use redevelopment and I've got the offering documents open. $50k minimum, and I have questions I'd be embarrassed to…
I've been reading here for a while and mostly posting about screening for the rental I have closing soon. This is the one before that, the one that didn't happen. Six unit buildin…
Two owners I have been talking to this month landed on opposite answers to the same question, and I cannot decide which one I would follow. Both have small mixed-use buildings, ap…
Six months of looking and this is the first thing I've written an LOI on, so tell me what I've got wrong. Secondary midwest city, edge of a downtown that's had two zoning changes…
Reading a lease pack on a corner building, five apartments over two storefronts. The commercial lease says the tenant pays its proportionate share of taxes, insurance, and utiliti…