Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

39
Posts
33
Votes
Sam T.
  • Chicago, IL
33
Votes |
39
Posts

4 unit on small lot looking for feedback

Sam T.
  • Chicago, IL
Posted
I currently have a 4 unit under contract that is setup as a 3 bedrooms per unit. I am getting the place for $65k and it needs around $30-$40k in repairs. Once done I should easily get $1200 per unit for a total monthly rent of $4800. The property sits on a corner and has no yard or no off street parking. The numbers are great but what are your opinions on the no yard and no off street parking. I have other properties in the area and they usually rent pretty quick. More then likely these units will have tenants with children and not having a yard might turn them off from renting at this place. There is a park directly across the street and the units are very large. Any feedback would be great.