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Updated about 6 years ago,
Best improvements for class C properties
Hello there BP,
I have a 4-plex ( 4 x 2bd / 1ba units ... shared laundry ) that I would rate somewhere around class C. The property is built around 1980 , and to the best of my knowledge have never been upgraded. The area is kind of run down and I can't see it improving but I still see rents raising at other rentals in the vicinity. I recently had a tenant move out and have the opportunity to improve a unit.
In your opinion, where should I focus my efforts in regards to improvements on this unit (or the overall building?) for the best ROI ?