Why I like neighborhood condos

[John McKee]

A great asset often overlooked is the ground floor condo of a midsize building on main street usa

Here are the benefits:

They are generally small in size 

They can be used as office or retail

Easy to rent 

Around the clock foot traffic since they are in a neighborhood 

affordable as You can buy these individually

No TI since they are just a box

No roof, Landscaping, or parking lot to deal with as they are taken care of by the association

The association acts like a built in property manager.  

The association provides security, fire alarm systems, snow removal, and other added benefits that you don’t have to pay for

The tenant pays the association fees!

The HOA has insurance coverage on your asset (but get your own to insure detailed coverage)

Its one of the Easiest of assets to manage!