Multi-Unit Opportunity

[Deborah Burian]

I have a very interesting opportunity to purchase a group of properties that will include single family (my sweet spot, those I totally understand), garage apts, and duplexes. What questions should I be asking that are different than single family?

Thanks in advance.

[Sam W.]

Deborah Burian,

I normally don't spin too much regarding absestos or lead abatement - or firewalls. Before I purchase I do check with the city to see if the multi-family property is conforming (and legal).

As Bill Gulley said, evaluating a SFH and MFH is fairly similar. That said, there are a few differences to consider (and ask):

- How are utilities metered/paid (already addressed)?
- How are common areas maintained?
- Who does yard work / snow removal?
- How is the sound-proofing between units? I learned this the hard way.
- How homogenious is the unit "mix"? For instance, if a duplex has a 3 bedroom side and a 1 bedroom side I like it less than 2 x 2 bedroom units. In my experience, that 1 bedroom unit will be a revolving door in that situation.
- Is there enough parking? Assigned parking areas/spaces is ideal in my experience.

Certainly there are more MFH peculiar areas to look at, but these are the ones that come to mind while I'm sitting here.

Good luck.