Buying Property Next to a Church (Newark NJ)

General Landlording & Rental Properties
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Buying Property Next to a Church (Newark NJ)

Dyllon G.
Member since 2018 · 16 posts · 9 votes

Hi All,

What is the sentiment about buying a MF property (3 units) next to a church? Is this generally a good thing, bad thing, or neutral? 

Thanks,

Dyllon

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  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    4y

    Anything that draws a crowd of people and cars is a negative IMO.

    1Reply
  • Natalie Schanne
    Real Estate Agent · Princeton, NJ · Member since 2016 · 1k+ posts · 1k+ votes
    4y

    @Dyllon Gibbs - pros - can rent to people working or volunteering at the church, probably some wide open space, May look neat if it’s an architecturally interesting church

    Cons - churches have been failing - may be prone to blight or redevelopment. Excess cars and human traffic. (More likely someone would call code enforcement for not clearing sidewalk snow?) Any additional noise, trash, traffic or parking issues likely?

    1Reply
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