Apartment building with vacant land

[Salvador Pepe]

Hey BP forum.

I´m putting under contract this apartment building with 15 units, so the deal includes a vacant land lot and would like to hear some ideas from you what to I do with this corner lot.

Thank you in advance

[Matt Castle]

Couple ideas but depends on your financing, zoning, etc. 

1. Build more units
2. Additional parking or drive under garages for tenants. 
3. Build storage for units or a new storage facility.
4. Use it as a park, pool, recreational area for your tenants.