4unit MF across the street from 161unit Affordable Housing project

[Alex Todd]

Hi everyone - opening up a post to see what people's thoughts are on buying a 4 unit ((2) 2b/2b + (2) 2/1)across the street from a future 160+ unit net new affordable housing complex. Less about the "is the 4unit a deal (spoiler: it's almost a deal)" and more about the pro's/cons of investing that close to a LARGE dev project and would it be beneficial in the long run.

What I see so far :

- Pros - consistent tenant flow (waitlist for big complex) and market rental rates to build against and measure
- Pros - Affordable housing in Bay Area is still $2250+ for a 2b/1b apartment. 
- Cons - tenant experience during development and traffic congestion after
- Cons - unknown property appreciation as the new building changes dynamic of community

Thoughts? Thanks in advance!