ATTN: Medical Practitioners and Investors. Why pay $36.00/SF for medical space when you can own this 3472 SF mixed use, medical office and residential structure and pay yourself the rent or as an investor rent the entire building. This is a 12 room medical office and a 6 room duplex residential apartment. Projected Gross Yearly Income is $87,600. Projected Yearly expenses are Taxes: $4,470, Insurance: $3,000, Water/Sewer: $2,000, Maintenance: $2,400 Total Projected expenses as Tenants pay heat and electric is $11,870, Projected Net Income: $75,730. 20% Down Payment: $150,000 with $600,000 mortgage @ 5 1/2% (subject to lender/credit) Mortgage Payment of $3,407/Mo or $40,884/yr Projected net net income $75,730-$40,884 = $34,845 Cap Rate: .23% (Try and get that return from a bank)
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Date Last Updated: 5/24/19 2:15 PM PDT