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Updated almost 4 years ago,
opportunity for me to buy my first multifamily 4 plex unit
I have the opportunity to get a 4-plex in my area. It would be my first multi-unit It is in need of some minor repairs to fix up or a bit more to make it much nicer and attract better tenants. My problem is the 4-plex itself is nice, but it sits in a rougher part of town. Do I fix it up, gate it and make it nice or do I keep it and just do minor repairs? I am torn as my other rental property is in a nice area and a nice property that will definitely attract better tenants possibly. My goal is quality long-term tenants and appreciation in the future. Any constructive input would be very much appreciated!