Multiple quadplexes on one street

[Joseph Weisenbloom]

Have you guys ever ran into a situation where you find a neighborhood that is made up of 30 quadplexes on one street? The quadplexes are all owned by different owners so the properties have varying degrees of maintenance. There is always 1-2 poor condition properties that drag down rents for everyone else.

Is it just me or do these areas always turn into slums? Why do cities allow this type of zoning? You would think they would have some type of requirement that the properties need to have one owner or a mandatory HOA. Either that or make sure zoning has single family houses interspersed throughout. Any of you have experience owning these types of houses?

Thoughts?