Houses Less Than 1,000 Square Feet

[Anthony E Russell]

Are 3 bed, 1 bath rehabs, that are less than 1,000 square feet worth investigating?

Thanks.

[Jaremy Moritz]

From my personal experience, anything will sell if the price is right. Doesn't matter if it's 800 sq.ft. or 1800 sq.ft. A big factor to consider, though, is how common a house of that size is relative to the neighborhood it's in. If it is a house that's half the size of everything around it, be cautious. On the other hand, if it's twice the size for the neighborhood, don't value it at the same price per square foot as the comps.

I agree with Ryan in that most 2/1's will be found in the 'hood or in older parts of the city. Very rarely do you find new construction that size. But just because a house is small or old doesn't mean it won't sell or be desireable. About 1/3 of all the houses I've done have been 2 or 3 bedrooms with only 1 bath. In some areas, 2 bath houses just aren't common.