Small Multifamily with no central AC
Hi BP,
While driving for dollars, I came across a small multifamily (possibly a triplex) that I would like to pursue; the only thing I am concerned about is that it does not have central air. All units appear to have an individual AC window units. This property is about 30 min south of Charlotte, NC and if you are not familiar with this area, the summer’s temperatures can get up to 100+ degrees and very humid. AC is a must in this area and majority of rentals have central air. I would like to hear the opinion of other investors that own properties in a similar climate.
- How have you handled this issue?
- Is having no central air a deal breaker?
- If not, have you had to install central air to keep up with competition?
- What’s the ballpark cost of a central air installation in a small multifamily?
Any suggestions or advise welcomed