Should buy a rental property near train station

Question

The property is in downtown with walking distance to train station, target, restaurants, movie theaters, park and etc. However, you can hear the train horn every half hour from 6:00am - 12:00 am. The station is just across the street. Should you buy this kind of investing property as rental? The pro is very convenient for some people, while the con is the noise.

Tyler Bains · Answer

I would talk to the tenants, speak to those in surrounding buildings, look at the amount of time between when a unit went vacant until it away rented again, etc.

I would think the location would be a detracting thing if someone is aware of the noise but as you said the convenience could win out. I would get out and talk to those in the area and get a feel for what they think.

Nuo Shi · Answer

Thanks Jonathan. It's a. Idea to test inside the room. This is a fourplex with 3 units rented out already. The rent income is not bad compared to nearby, mostly because it's remodeled lately. In that case, the purchase price is also not low

Jonathan Taylor Smith · Answer

Are there other homes within a similar sound range? And if so, are they rentals? Occupied? What do they rent for? I'd attempt to speak with other occupants in similarly situated homes. I'd even seek to be inside this home while the training is coming in / leaving to thereby hear the noise for myself.