Updated over 5 years ago on . Most recent reply
To Washer/Dryer or Not To Washer/Dryer
Just purchased a 4-plex multifamily in Phoenix in what is probably a C area. 2 units are vacant and do not have washer/dryer's but they do have the hookups and a closet for stacked wather/dryer's. One unit is a single bedroom and the other one is a 3 bedroom. Would the washer/dryer had a lot of value to these units? Each stacked unit new is just over $1,000.
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Amen @John Duffy! If you are in a C neighborhood and thinking of brand new washer/dryers then stay out of house flipping or you'll have the nicest house lose you all your money! ;)
Seriously though, I am in a C neighborhood and I provide washer/dryers. I charge higher than normal rent because of it. If you have a common area, then coin op is a possibility as well, but I would probably just use normal units and charge higher rent. If it is in-unit, how many C-class tenants will come with their own washer/dryer to fit that space?
When I show my units, the in-unit machines are one of the highlights for the tenant and a reason I can charge above market. I'd put it in there to help attract the higher quality tenants, but put in used!