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Nadeem Arshad
  • Professional
  • New Orleans, LA
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Apartment complex with mostly studios

Nadeem Arshad
  • Professional
  • New Orleans, LA
Posted Jul 5 2015, 12:42
Hello all, I recently came up across a small apartment complex (4 buildings, total of 22 units) which would be part of a 1031 exchange from a previously sold retail plaza. The potential downside is that most of the units are studios and efficiencies with high tenant turnover. It is also a building that was built in 1960. The upside is that the units stay rented, have a waiting list of prospects, and is located in a decent, quiet neighborhood with primarily single family homes. What are some long term concerns I should have in partaking in this investment? Any and all input would be greatly appreciated, especially from those of you who have had prior experience with this type of property investment.

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