Just Bought 3 Unit Mixed Use Commercial and Residential Property! Flip #220

Just Bought 3 Unit Mixed Use Commercial and Residential Property! Flip #220
Commercial Real Estate



We just bought this property from the MLS. The property is mixed-use which means it has commercial and residential uses. There is a 3 bedroom residential unit, a commercial unit, and a garage that can be rented separately as well.

The property is located on a busy highway which is great for commercial uses and I have 5 other properties on this same highway in other towns! The property needs some work and has some weird things going on but I think is a great deal!

The property was listed for $320,000, to begin with, and then lowered to $280,000. We made an offer of $200,000 at the time but the seller said they would only drop to $225,000. We passed at that price but the seller said to check back with them in a few months. We came back in a few months and ended up getting the home under for $210,000.

It is totally vacant now but we have a tenant who might already be lined up for the residential and garage side. Once the property is fixed up a little we should be able to rent it for $3,000 a month or more. That would make it worth $400,000 or more!

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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9
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