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Updated over 3 years ago, 07/13/2021

User Stats

40
Posts
29
Votes
Robert Calabro
  • Rental Property Investor
  • Columbus, OH
29
Votes |
40
Posts

What is the value of own adjoining units or nearby units?

Robert Calabro
  • Rental Property Investor
  • Columbus, OH
Posted

Are there any intrinsic values or benefits of purchasing an adjoining condo unit to a rental I already own? 

Buying the second unit would make me a 100% owner of a duplex that has been converted into 2 condos, so I would essentially become the only member of the "HOA" for this small 2 unit condo "complex", which doesn't really regulate anything as it is.

The subject property will cash flow, but not quite as well as the property I already own next door. Are there possible other reasons to still pursue this property? 

TIA

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