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Updated almost 9 years ago,
multifamily property close to interstate?!
I neep guidance from the BP community! I recently found a property that interested me due to the cash flow it is bringing in, in a marketplace where that is not the easiest to find especially when you are the new guy. Its a duplex, 1 unit is a 3:1 the other a 2:1. the concern is that it has been on the market for some time now in a market where that is uncommon. I have not seen the property in person yet so it may because its a bad property plagued with maintenance issues. My current theory is that it is because the property sits right on the edge of an interstate. So,, how important is location when it comes to multifamily properties, my first thought is that as long as it cash flows it should'nt be a problem because i wont care to sell? Am i correct in my assumption? Thanks alot for all your help!