Updated about 5 years ago on . Most recent reply
SPRINKLERS NEEDED ON REHABBED 5-10 UNIT PROPERTIES?? PHILADELPHIA
Hi everyone!I'm looking to acquire a small multifamily (5-10 units) property in Philly this year to keep growing my buy and hold portfolio. I would prefer to find a property in northwest Philly but I'm also looking in the surrounding suburbs.I'm encountering situations where properties of this size in need of a heavy rehab (full or partial gut jobs) don't have sprinkler systems. I'm trying to educate myself on when a sprinkler system is required by L&I on existing 5-10 unit properties that need a lot of rehab; I anticipate that installing a new sprinkler system could be quite costly so it's good to know when to add this to my rehab budget when making offers. Can anyone experienced in this area provide some insight?
Alternatively, please let me know if you know someone I can reach out to who may know more about this topic.