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Updated almost 7 years ago on . Most recent reply

User Stats

107
Posts
30
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Dennis Williams
  • Real Estate Agent
  • Davenport, FL
30
Votes |
107
Posts

Multi Family Value add list

Dennis Williams
  • Real Estate Agent
  • Davenport, FL
Posted

Hello BP members!! Just wanted to start this forum for new and seasoned multi-family investors. Base on your experience, what value adds do you look for when evaluating a multi-family property?

For example (try  not to repeat the items listed below):

- Laundry room or add washer/dryer in each unit

- New roof

- Individually meter each unit electric/water

- Add small park

- Update curb appeal to include paint.

- Add small workout gym to leasing office

- Update pool area with pavers and outdoor furniture

-- List yours below --

  • Dennis Williams
  • Most Popular Reply

    User Stats

    1,518
    Posts
    812
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    Hadar Orkibi
    • Rental Property Investor
    • USA / NZ
    812
    Votes |
    1,518
    Posts
    Hadar Orkibi
    • Rental Property Investor
    • USA / NZ
    Replied

    Some of the Items you mentioned are good way to add value, but are not key factors.

    Main key factors i can think of right now are:

    1. Clean up the property.

    2. Change the tenant base.

    3. Increase rents - this is probably the easiest and #1 factor. if you fined an under rented property and have the opportunity to increase rent you are on winner.

  • Hadar Orkibi
  • Loading replies...