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Updated about 5 years ago on . Most recent reply
Help me analyze this property
I just found a 3-unit rental one block away from a college in a Class B/C neighborhood.
Asking price: $380k
Rent:
unit 1 $1200 tenant occupied , unit 2 $1200 currently empty, unit 3 $800 tenant occupied.
Concerns:
Unit 1 is rented out to a couple who has security cameras everywhere. This is a sign of not very safe neighborhood, right?
Unit 2 is empty which is weird being in the middle of a semester.
Unit 3 smells weeds the moment I entered it.