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Updated over 5 years ago on . Most recent reply

User Stats

60
Posts
10
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Ben Visser
  • Investor
  • Salt Lake City, UT
10
Votes |
60
Posts

Rv storage on multi-unit land

Ben Visser
  • Investor
  • Salt Lake City, UT
Posted

I have a 4 plex in Ogden, Utah. The 2 buildings sir close to the street of on the property. This leaves me a huge back yard with a right-of-way to it.

I've thought of creating small back yard areas for each unit, but that still leaves a lot of unused land. I don't want the hassle, cost, and wasted resources needed to back it extra recreational space for tenants.

I'm considering whether or not I should level it, throw some gravel down and rent it to 2 or 4 people for rv storage.

Has anyone here done that? Any issues or things to watch for?

Most Popular Reply

User Stats

61
Posts
37
Votes
Nathan Hughes
  • Rental Property Investor
  • Nowata Oklahoma
37
Votes |
61
Posts
Nathan Hughes
  • Rental Property Investor
  • Nowata Oklahoma
Replied

Ben

 Ive had the same thought about some of my empty farm land. It backs up to a local lake and Ive always wondered if I put up some covered storage's if it could turn a profit. Where I live I don't have to worry about local codes and city ordinances but I would start there first and see if legally its even an option. If that's not an issue then as long as space permits for ease of maneuvering big RVs around I would say go for it. I also would question your intentions with the 4plex as long as its a buy and hold then you wouldn't have to worry about it effecting the value of the property.   I'm not sure what the effect would have on the property value. Hope my two cents helps in some way. 

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