Updated almost 12 years ago on . Most recent reply
Why 2, 3, 4 plexes instead of SFRs?
I've noticed that some people like and want 2, 3 and 4 plexes, but never understood why. What do you think? I understand that there is just one roof and one exterior, but also that SFRs are much easier to sell, and can be sold one at a time. What are your perceptions or experiences about the difference between SFR tenants and apartment tenants, if any? Are you finding prices per unit on 2, 3 and 4 plexes which are significantly lower than those for similar single family houses? I've not yet found any such price difference.
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Can flow
I can buy a duplex and then reno it and be all in for 40- 50k and rent it out for $1,300-$1,500 all day.
Also with a mult it's almost never empty. Out Where I live anything empty for awhile gets the copper stolen.