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Updated over 5 years ago on . Most recent reply

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Michael Cole
1
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19
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Extra Apt Complex Space...What to Do?!?

Michael Cole
Posted

I recently purchased a 16 unit beautiful apt complex. I’m currently renovating the whole building and things are going well. The building used to be a YMCA and it has an empty swimming pool. The room is about 1500 Sq Ft.......I plan to fill in this pool and make use of the space. My dilemma is what is the best use of this space? I’m thinking storage to other biz or general public as the best options (would be climate controlled) or possibly a crossfit gym. Thoughts???

Most Popular Reply

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974
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645
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
645
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974
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Joseph Firmin
  • Rental Property Investor
  • Smyrna, GA
Replied

With the open pit, how difficult would it be to run plumbing and get more units in that space. You could dramatically lift the value of the building by adding more units/rents. It may be expensive, but not doubt you'd be able to make that back on a refinance.

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