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Updated over 5 years ago on . Most recent reply
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1 bedroom 4plex-good or bad investment
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?
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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.