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Updated almost 10 years ago, 11/26/2014
Multi family Parking Spaces
HI
I am interested in a 2 family house. Cap rate is Min 8% and potential for 11 %
There are only 2 parking spaces .
Ideally I would like many more parking spaces ,specially because is a 6 bed house plus 2 bedrooms in basement
I would like to hear your thoughts regarding Parking spaces in Multi family and how this affect value for rentals and sale
Is it easy to park on the street?
Honestly I don't think it makes a huge difference. 2 spots is a decent number. In an area where parking is expensive and/or hard to get having any should allow you to raise the rent a bit.
How would you evaluate the parking situation around the home?