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Updated almost 7 years ago on . Most recent reply

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Ramases Gousheh
  • San Jose, CA
4
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SFR next door to mortuary

Ramases Gousheh
  • San Jose, CA
Posted

What do you all think about an SFR with good numbers for my situation but is next door to a mortuary? I personally wouldn't care as a renter, but that's me. However, in this case, I'm not the renter but the potential owner landlord. Anyone have any experience with a similar situation? All thoughts are welcome. Thanks!

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118
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108
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Joe Hines
  • Investor
  • San Jose, CA
108
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118
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Joe Hines
  • Investor
  • San Jose, CA
Replied

@Ramases Gousheh

I'm with @Tara Wright on the traffic and the cremations.  That could be bothersome to a lot of potential renters.  Another interesting proxy that might help you gauge the rental market for it:  How long has it been on the  market?  Is it priced lower than other nearby properties?  If people are slow to buy it, others may be slow to rent it.  

Thinking beyond the short-term cash flow from rent demand of the property, with a business next door, it might be that you can later get it rezoned to light commercial or office.  That could help appreciation.  

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