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Updated over 5 years ago on . Most recent reply

User Stats

23
Posts
22
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Nicole Flakes
  • Investor
  • Houston, TX
22
Votes |
23
Posts

1 bedroom 4plex-good or bad investment

Nicole Flakes
  • Investor
  • Houston, TX
Posted

I am currently vetting a 4plex that is made up of 1 bedrooms. Historically speaking, I have found 1 bedroom units to be a bit more difficult to rent out. Has anyone else found this to be true?  Should I shy away from such small units?

  • Nicole Flakes
  • Most Popular Reply

    User Stats

    1,870
    Posts
    777
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    Aaron Montague
    • Rental Property Investor
    • Brookline, MA
    777
    Votes |
    1,870
    Posts
    Aaron Montague
    • Rental Property Investor
    • Brookline, MA
    Replied

    My 1br units were usually easy to rent though hard to keep people in long term.  I averaged 14 months across the 2 1br units I owned.

    @Nicole Flakes What do the numbers tell you?  Are you accounting for 8.1% vacancy?  8.1% is 1 empty month per year per apartment.  

    How do you fill your apartments?  If you are paying a realtor on top of vacancy, then make sure that is accounted for.

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