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Updated almost 6 years ago,
Apartment building - Corner lot - Good, bad, or indifferent?
I’m looking at an older 5 unit, three story apartment building located on a city corner lot.
I realize my maintenance costs will be higher than if it were a row house due to the added exterior materials & windows, extra sidewalk to maintain, etc.
Does anyone have any input on wether or not a corner building affects the rental rates? Obviously you’ve got more windows in the units than row homes (a bonus for tenants?) but also more traffic noise (minus for tenants?)
Is there an impact, either +/-, on rental rates or am I just overthinking this??