Swimming pool in small multifamily building

[Charles H.]

Hello,

I am looking at a deal that has a swimming pool. Regular size. Not crazy big. 26 units. US Southeast.

- What are your thoughts about having a swimming pool in small multifamily buildings?

- What are the cost to maintain? I remember that i was paying 120-150$ of electric bill just for the pool in my SFH + 100$ to have maintenance.

- Any law for safety ?

- What if somebody dies in there because he was drunk or something ? 

Thank you for sharing your thoughts!

[Thomas S.]

Liability as well as maintenance costs are a major issue. Contact your insurance provider and see what they will cover and the cost of that coverage before considering purchase.

Unfortunately a pool has a negative impact on the bottom line not positive. If it were a high end property it may be a necessity item but if middle or lower class it is a negative I personally would not consider investing in.