Concerned about Bedroom Above Bathroom
Hi All,
I'm looking to make an offer on my first investment property and recently came across a potential deal to fix & flip or BRRRR. It's a 3 bed/2 bath but I have a couple concerns.
- The 2nd bathroom is in the basement and has no door. While it functions, it's not a legal bathroom.
- The 3rd bedroom is above the bathroom on the main floor. It can ONLY be accessed by walking through the bathroom.
Has anyone encountered something like this before? I think after fixing the place up I could rent it for 1200-1500/month but am concerned that with this bedroom my rental pool (and buyer pool) will be greatly diminished. Here is a link to the property:
https://www.zillow.com/homedetails/2047-Lafayette-Ave-NE-Grand-Rapids-MI-49505/23795146_zpid/?
The asking price is definitely too high... but I want to see what people think of this.
Thanks,
Bret



