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Updated over 5 years ago on . Most recent reply

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Tara Jenkins
  • Real Estate Agent
  • Chicago, IL
16
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17
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Duplex next to Storage facilities. Yay or nay?

Tara Jenkins
  • Real Estate Agent
  • Chicago, IL
Posted

I am considering buying a 2 flat, but it is next to a new storage unit facility. Is this a deal breaker? Would you buy it or pass on it? It's a good deal

  • Tara Jenkins
  • (773) 387-9304
  • Most Popular Reply

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    Karl B.
    • Rental Property Investor
    • Erie, PA
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    Karl B.
    • Rental Property Investor
    • Erie, PA
    Replied

    I think it could be a good thing. Some people run their business out of a storage facility (even if they're not supposed to); I'm sure they'd love to live next to 'their business'.

    Of course you will market using social media/renter sites and odds are you'll rent to someone not related to the self-storage place but I don't think a property next to a self-storage place is a big negative. They typically have daytime hours and are secure, so I don't think people are going to be making excess noise in the facility during the middle of the night. 

    If it's a good deal keep looking into the property!  

    I have a multi family across the street from a bar; fully-occupied with great renters and dealing with a bar (empty bottles, loud drunks from time to time) is likely more of a headache than a storage facility.

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