|Owner open to offers|
Current condition of property:
This structure was built in 1970 and has had one owner, Al Feldt. It has been maintained well over the years. It has vertical plywood exterior siding with cedar board trim, stained to a weathered gray color, but it could use a new coat. The building needs some normal maintenance rehab. It is currently a toys and games store owned by old Mr. Feldt, who very much enjoys sharing his passion for games with neighborhood kids.Project potential:
Review a video of Al Feldt.
Market value of this property as is: $280,000
...Value of land alone: $45,000
Size of each floor: 42x55 ft.
Current income of the ground floor ($15/sq.ft./year)
Current income of the upper floor ($6/sq.ft./year)
If the building had a full rehab:
Cost to rehab ground floor ($30/sq.ft.)
Cost to rehab upper floor ($50/sq.ft.)
Potential income of the ground floor ($18/sq.ft./year)
Potential income of the upper floor ($10/sq.ft./year)
|A financial analysis may be completed for this building using a pro-forma app.
Simply fill in boxes to determine its "Return on Investment" potential.