Buying a Landlocked Rental
Hi
I am looking for my first rental property. I have an agent and hes
looking at 3 family houses in an old New England mill city. He found a
good house for a good price. But the house is set back behind two
houses. There is a walk way from the street to the house. I have always
been in houses with street frontage so im not sure what to think. The
house and price are good but is being behind an other house an issue?
I'm just thinking of any issues with tenants or landlords since they
have to pass through the other property. Would that effect rents? My
agent dosent seem to think its a problem but i am looking for a second
opinion. Have any of you ever bought a land locked house and what were
you experiences with it? .
Most Popular Reply
If it is truly landlocked I wouldn't the more likely scenario is that it is either a flag lot, a common driveway, or there is an easement. If any of these are the case it is not really an issue as long as everything is properly recorded and irrevocable.