Investor · Reston, VA · Member since 2013 · 54 posts · 15 votes
Hello:
I am considering converting the brick 2-car garage at one of my properties in Phoenixville, into a 1BR/1BA rental. 320 s.f. total, loft-type BR, baseboard heat, full KTN minus D/W, laundry equipment. Will have all new windows & doors, commercial flooring, peaked roof, int. done very tastefully, exterior fixed up and new street-side wall installed in place of wooden sliding garage door.
It's a tidy studio size for students, local workers, etc. How much rent would it likely bring?
Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
12y
Doesn't look like there are any studios for rent right now in 19460, but 1 bedrooms are renting for $1,200 / month. 320 s.f. is pretty small, but it appears to be a desirable area. My guess would be $800, but it is really difficult to assess without seeing studio comparables and without really knowing the area.