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Updated over 6 years ago,
Triplex near railroad crossing
Hello! Just hoping to get some feedback on a triplex I am looking at. Unit a rents for 365, unit b rents for 350, and unit c rents for 750. The big unit is 3 bedroom 2 bath and 1900sq ft and the 2 small units are 1 bedroom one bath 700 sq ft. I would classify this property as a C property in a B neighborhood if that makes sense... the inside is in excellent condition. The management company it is with said there has been minimum vacancy in the last 3 years. The only issue is that it is right next to a railroad crossing. I mean it's parking lot borders the railroad crossing. I'm just curious to any experience with C properties located this close to a train? (A very active train)I own a duplex not far from here in the B neighborhood, and have no trouble renting it.
This is just really close so I thought I would ask the BP forum for my first BP post!