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Updated over 8 years ago on . Most recent reply

User Stats

160
Posts
35
Votes
Samuel DeMass
  • Investor
  • Albuquerque, NM
35
Votes |
160
Posts

What should I do with the extra LAND?

Samuel DeMass
  • Investor
  • Albuquerque, NM
Posted
Hello BP, and thanks for the help in advance! I've got a low income efficiency simple 4-plex that I bought that is performing great. However, it came with a pretty good sized lot (approximately 100' X 150') However the lot grows grass, and grass has to be mowed (city ordinance). It's worth mentioning that I don't think the extra lot adds any value to the tenants as it is separated by a small chain link. I've had a couple ideas but thought I should cast my net into deeper waters (bigger pockets fish analogy...nbd.) What would you do with a lot that has frontage to a medium/high traffic road and no improvements other than the fence on 2 sides?! Your input is appreciated!! Cheers, Sam

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