Rivertown Music building
aka Historic Hatfield Residence
Current condition of property:
Both floors of this old, historic building are used by the Rivertown Music store. The spaces have not been updated but function well for their current use, and still have a lot of their original character.Project potential:
Market value of this property as is: $160,000
Size of each floor: 40x40 ft.
Current income of the ground floor ($14/sq.ft./year)
Current income of the upper floors ($6/sq.ft./year)
If the building had a full rehab:
Cost to rehab ground floor ($80/sq.ft.)
Cost to rehab upper floors ($40/sq.ft.)
Potential income of the ground floor ($24/sq.ft./year)
Potential income of the upper floors ($18/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.