I am looking at buying small multi units in Vancouver, Washington and was hoping for some general advice on areas to stay away from. Thanks!
when you say multi units are you talking about 1-4 family properties ? or are you looking at small apt buildings
Hi @Scott Bowles , Vancouver is a great market! To make sure I answer the question the best way I am curious on what size of properties? 4 Unit and less or small aparments complexes, etc... Also, what cap rate are you targeting? Like any other market you will find higher cap rates in areas that appear to be less desirable. Overall I feel all areas are decent but I would stay away from areas that are building a ton of new apartment complexes. If you are looking for 1-4 unit complexes, I would stay away from areas where everything in the area is 1-4 unit buildings. I hope this makes sense or you can gleam value from it. Feel free to ask me any additional pointed questions.
@Uwe G. Thanks for responding! I would like a balance between the lowest and highest cap rates available. So there isn't one area of town that is higher crime etc then others its more of a neighborhood by neighborhood type analysis?
Hi @Scott Bowles . Yes, there are differences in crime. Take a look at this link and note it only covers the City of Vancouver:
If you want to chat over the phone, please PM me and I will give you my direct mobile to talk in depth more.
Hi @Scott Bowles were you able to get the information you needed?
@uwe g sorry i got wrapped up with work and family. i will take a look tommorow and reach out! Thanks so much!
Scott, let me know if you need help looking. I like all areas of Vancouver, of course!