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Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Michelle Vieira
  • Springfield, MO
1
Votes |
7
Posts

opportunity for me to buy my first multifamily 4 plex unit

Michelle Vieira
  • Springfield, MO
Posted

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!  

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