Analysis:
After Repair Value: $125,000 (Comps)
Purchase Price: Off-Market
Repairs: $4,000
This is a great medical plaza condo. These are not rented units. Each unit is individually owned in this building. This unique opportunity could provide great cash flow for a cash buyer or cheap rent for an owner occupant. It’s conveniently located next to Lakeview Hospital and South Davis Community Hospital. Work needed is minimal and it could be used as an office for an owner or tenant immediately. A coat of paint and some carpet are recommended, but not a major concern. Nothing has sold or been listed in this complex for under $80/ft. The cheapest active now is a much larger unit at $65/ft. We are offering our smaller unit at a fire sale price of $61/ft.
