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Updated about 11 years ago on . Most recent reply

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Stephen Masek
  • Investor
  • Mission Viejo, CA
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Why 2, 3, 4 plexes instead of SFRs?

Stephen Masek
  • Investor
  • Mission Viejo, CA
Posted

I've noticed that some people like and want 2, 3 and 4 plexes, but never understood why. What do you think? I understand that there is just one roof and one exterior, but also that SFRs are much easier to sell, and can be sold one at a time. What are your perceptions or experiences about the difference between SFR tenants and apartment tenants, if any? Are you finding prices per unit on 2, 3 and 4 plexes which are significantly lower than those for similar single family houses? I've not yet found any such price difference.

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Can flow

I can buy a duplex and then reno it and be all in for 40- 50k and rent it out for $1,300-$1,500 all day.

Also with a mult it's almost never empty. Out Where I live anything empty for awhile gets the copper stolen.

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