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Updated over 9 years ago on . Most recent reply

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742
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925
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Bruce Runn
  • Investor
  • Minneapolis, MN
925
Votes |
742
Posts

adding garage to duplex for flip

Bruce Runn
  • Investor
  • Minneapolis, MN
Posted

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

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161
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27
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Sawyer Lubke
  • Real Estate Agent
  • Minneapolis, MN
27
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161
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Sawyer Lubke
  • Real Estate Agent
  • Minneapolis, MN
Replied

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 

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