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96
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23
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Todd Ashley
  • Rental Property Investor
  • Portland, OR
23
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96
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Concrete Block Seismic Retrofitting (West Coast)

Todd Ashley
  • Rental Property Investor
  • Portland, OR
Posted

Hi, I am looking at a 1950’s single story small multi-family building (four 1br apartments) located in Portland, Oregon. The building is made from concrete blocks. Is this a “run away as fast as you can” scenario? Have any of you done seismic retrofits to a building like this? Any input is appreciated. Thanks! 

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User Stats

412
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219
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Mathew Wray
  • Real Estate Agent
  • Portland, OR
219
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412
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Mathew Wray
  • Real Estate Agent
  • Portland, OR
Replied

I tend to agree with Steve...you'll want to run the question by your insurer just to get another viewpoint but I'd be more concerned with the fact that they're four 1-bedrooms than with the potential for an earthquake. Not saying there aren't great reasons to have 1-bedrooms as rentals-just would want to be extra-careful that you're vetting your potential rental pool, future rent increases, etc. 

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