adding garage to duplex for flip
Just bought a duplex to renovate in Uptown in Minneapolis (Hip area) and it doesn't have a garage. Since most duplexes are bought by investors, is it worth the $15,000 to put in a 2 car garage? I get it makes it more marketable but really only adds $50/stall to rent/income. Thoughts?
Most Popular Reply
For single family, I would most likely not buy without a garage unless I could include the building of one into my plan. For multi, if there is no option for a garage I would still buy if the numbers were right. If I could build a garage I most likely would to try and attract higher end tenants and/or increase the sell-ability (not to try and get an awesome ROI on the $15,000 investment).
Cheers, Sawyer