Why I like neighborhood condos
A great asset often overlooked is the ground floor condo of a midsize building on main street usa
Here are the benefits:
They are generally small in size
They can be used as office or retail
Easy to rent
Around the clock foot traffic since they are in a neighborhood
affordable as You can buy these individually
No TI since they are just a box
No roof, Landscaping, or parking lot to deal with as they are taken care of by the association
The association acts like a built in property manager.
The association provides security, fire alarm systems, snow removal, and other added benefits that you don’t have to pay for
The tenant pays the association fees!
The HOA has insurance coverage on your asset (but get your own to insure detailed coverage)
Its one of the Easiest of assets to manage!