What should I do with the extra LAND?
Hello BP, and thanks for the help in advance!
I've got a low income efficiency simple 4-plex that I bought that is performing great. However, it came with a pretty good sized lot (approximately 100' X 150')
However the lot grows grass, and grass has to be mowed (city ordinance).
It's worth mentioning that I don't think the extra lot adds any value to the tenants as it is separated by a small chain link.
I've had a couple ideas but thought I should cast my net into deeper waters (bigger pockets fish analogy...nbd.)
What would you do with a lot that has frontage to a medium/high traffic road and no improvements other than the fence on 2 sides?!
Your input is appreciated!!
Cheers,
Sam