W/D hookups in apartment building. How important?

[Tiffani Brown]

So, I am looking at a property in the Texas specifically the DFW metro area.  It is a smaller 1970s apartment building of 10 units.  The units are all 2bed and 1ba 740sf.  They do not have washer/dryer hookups and owner says he does not think it is possible to put in.  There is a small laundry area of premise but do you think that will affect the occupancy rate or future occupancy of property?  Currently, it is 100% occupied but I am worried about what the future of the building will be if a lot of newer places come up.  

Also, on a side note what do you think about the sizes of the units.  I am thinking 750sf is a little on the smaller side as well and worried about how that will affect occupancy.  I am unsure if I should just pass on this deal and wait for something better but these smaller complexes in my price range are hard to find and not sure if I am overthinking.  Thank you.  

[Richard F.]

Sorry, no idea. The ideal time to do it is if you plan to reno, replacing kitchen cabs, and bath vanity and fixtures. If you update just cosmetically, without changing pipes, you get to tear most if it out later when the pipes do start leaking. Cost will depend on access to the internal pipes. If they are mostly accessible from a hallway wall, for example, it would not be as bad as removing or modifying cabinets to get the pipes out and back in.