1 Bedroom Each, On A Multifamily Home
Is is worth buying a 1 bed room muitifamily home, to resaleflip.
They are easier to rent but hard to sell.
There is NO room to expand to a 2 bedroom at all!
sq. footage is 620 for each unit , 4 total
cost is $480k (4 units) being sold by owner.
The cash flow is $80 per month, leaving the current tenants in place. If I increase the rent of each unit, I could get $175-200 more than now. Oh well I am signing the contact tomorrow. Just noticed I could remove the 15x10 dining room, and make that the second bedroom.
Thanks for your help