Thoughts on Purchasing 28 Units Across from HUD Senior Housing?

[Darren Ruch]

Hello -

My broker brought me an off-market deal to purchase 28 units. Everything looked great until I did some digging into the neighborhood and discovered it is across the street from a massive HUD/public Senior Housing Development.

I had hopes of modernizing the building and force appreciation.  Is that possible, given the location?

I appreciate hearing your feedback and experiences.  Thank you for your time.