Rental Property Investor · Member since 2019 · 7 posts · 0 votes
I am currently looking into purchasing a duplex that backs up to a water treatment facility. The numbers are good, the building is in good shape and it has at least 1 unit rented out with a long term tenant (have not verified the rental amount). I am just hesitant because I do not know what the impact of the water treatment facility is on this investment. Any advice would be greatly appreciated.
Surveyor · Dothan, AL · Member since 2014 · 425 posts · 391 votes
7y
Unless it's a killer deal I would pass. Some tenants will not even look at it. Also, it may not have a smell today, then a new development comes online and the plant exceeds capacity and you get a smell. I know because this happen to a neighborhood my first rental was in. Bad smell for 2 years until they got a new plant online in a new location. Couldn't smell it at my house but coming into the development, you could. Not worth the risk if you ask me.
Rental Property Investor · Member since 2019 · 7 posts · 0 votes
7y
@Greg Dickerson thank you for your response. I will be going to look at the property tomorrow and possibly talking with some others in the neighborhood to see if it cause any issues for them.
is it sewage treatment? no to that. but if it's clean water treatment, it may be fine. there is a clean water treatment plant near my home. very clean, large open grass areas, tree lined property. the neighborhood uses this area for playing. kids playing pick up soccer, baseball, tag...whatever.
Surveyor · Dothan, AL · Member since 2014 · 425 posts · 391 votes
7y
Unless it's a killer deal I would pass. Some tenants will not even look at it. Also, it may not have a smell today, then a new development comes online and the plant exceeds capacity and you get a smell. I know because this happen to a neighborhood my first rental was in. Bad smell for 2 years until they got a new plant online in a new location. Couldn't smell it at my house but coming into the development, you could. Not worth the risk if you ask me.
Contractor · Oxford, MA · Member since 2018 · 807 posts · 745 votes
7y
As stated above, water treatment could be find, poop treatment is a hell no. There is one on a major road a ways away from us and on a good day you never smell a thing, on a bad day it smells like you're driving through a field of dog crap after it rained for 1/2 mile.
Rental Property Investor · Hawthorne, CA · Member since 2018 · 655 posts · 900 votes
7y
@Justin Krebs
Funny because it all depends on your location. The City of El Segundo in Los Angeles County sits between a major Airport (LAX) a major Oil Refinery and down wind from a water treatment plant (stinky) average cost of a SFR 1.2 million. So a single factor like a water treatment plant isn't going to make or break the deal you need to grade the area as a whole based on the comps. I believe there is much more to evaluating a property then single factors. Just my take. Good luck!
Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
7y
Go for it ! This could work out and keep you from doing toilet repairs at 2:00 in the morning ! When the tenant calls about the crapper ..just tell him to go to the backyard at the sewage plant and relieve himself there for now