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Updated over 4 years ago on . Most recent reply
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Pros and Cons of Studio Apartments
Hello everyone, I am looking at purchasing an apartment studios complex. It was a hotel repurposed as a studio apartments. Anyone has had experience with this property type and is willing to share their perspective in general? Thanks in advance BP community!
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It depends on the market and your target demographic. The plus side is that your $/sft is typically the highest compared to other units while the nominal rent is cheaper than most 1 bed units.
The downside is that turnover can be higher as studio residents tend to be a bit more transient adding some additional turn expenses.
I would take a hard look at comps of other studios in your immediate sub market.