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Updated over 6 years ago on . Most recent reply

User Stats

63
Posts
16
Votes
Craig Herring
  • Pinckney, MI
16
Votes |
63
Posts

Triplex large attic ideas

Craig Herring
  • Pinckney, MI
Posted

Hi all! So I'm looking at a triplex that cash flows but isn't a great deal and just under my requirements for ROI. BUT it does have a large attic (1800 sq ft) above the property that was an old dance hall in the early 1900's, unfortunately the township won't allow it to be turned into a fourth unit, according to the sellers.

So I'm reaching out to BP to see if any one has any ideas to help increase the NOI.

I've thought about turning it into laundry but 2/3 units already have laundry, another idea is for storage but there is already a large garage on property that some of the tenants use.

Anyway thanks for any input in advance!

-Craig

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