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Updated about 8 years ago on .

User Stats

39
Posts
33
Votes
Sam T.
  • Chicago, IL
33
Votes |
39
Posts

4 unit on small lot looking for feedback

Sam T.
  • Chicago, IL
Posted
I currently have a 4 unit under contract that is setup as a 3 bedrooms per unit. I am getting the place for $65k and it needs around $30-$40k in repairs. Once done I should easily get $1200 per unit for a total monthly rent of $4800. The property sits on a corner and has no yard or no off street parking. The numbers are great but what are your opinions on the no yard and no off street parking. I have other properties in the area and they usually rent pretty quick. More then likely these units will have tenants with children and not having a yard might turn them off from renting at this place. There is a park directly across the street and the units are very large. Any feedback would be great.