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Updated about 6 years ago on . Most recent reply

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65
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Mica Moore
  • San Antonio. Tx
43
Votes |
65
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1, 2 or 3 Bedroom Units?

Mica Moore
  • San Antonio. Tx
Posted

For a multi-family building (Buy & Hold - for cash flow). What is the potential market desirability (to good tenants) for 1,2, or 3 bedroom units & is the best to own?  

Example:  1 bedrooms might attract singles, so less potential damage from children (but lower rent per unit). But the turn-over could be                    higher as people might outgrow it.  And demand for this small may be less.

                   2 or 3 bedrooms might attract families with children - more potential damage & pets (but higher rent per unit & more demand).

Most Popular Reply

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181
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242
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Nicholas Sheridan, Jr.
  • Investor
  • Denver, CO
242
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181
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Nicholas Sheridan, Jr.
  • Investor
  • Denver, CO
Replied

I think your question really depends on the location of the property. If you buy a block away from a school well you are probably going to have children regardless of the # of bedrooms. I would say that the most common would be 2 and 3 bedroom units because that is what most people are looking for

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