Senior housing conversion

[Kevin Vandenboss]

I have an 8 unit listed for sale that's two single story buildings with 4 units each. I'm considering purchasing it myself and converting each unit to be wheelchair accessible as they become vacant. It won't take a ton of work because of the way they're laid out. It's in a real quiet area that I believe will be attractive to seniors. Anyway, I'm wondering if anyone has had any success with a project like this and if they were able to raise rents enough to justify the time and expense.

[David Ferrette]

When you say "wheelchair accessible", do you mean someone can wheel up to the front door?  f you want to make a unit  fully accessible, there is a lot to it.  Talk to a local architect or look at the international building code chapter 11 for what all goes into an accessible unit.  There are also state standards that come into play.  You wouldn't want to advertise as fully accessible only to be sued later down the road for being mostly compliant.