On the flip side of the coin, if you plan on holding this property for 15, 25, 30 years and its a solid core asset, that $166K becomes less and less important. 

I have a 12 unit building in a small town filled with great tenants who are older and never entered the 21 st century, They deposit rent checks in a lock box in the laundry room and once a month my wife empties the box and drains a huge pile of quarters out of the coin laundry machines.

Every coin has 2 sides.

If you consider as value-add, anything that lowers the expenses and add to the income (at reasonable costs)You could add storage areaPaid preferred parking (depend on area)Billboard with ads on the property (depends on property)Energy efficiency /Utility efficiency (common areas/responsibility of owner)Coin operated beverage machines

@Jonathan Bowen I love the banter Jonathan lol 😃Perhaps, we might get Brandon to coin a newer friendlier term lol

Or as I'm coining it, "Build and hold"...

But if they bought it a year ago, sat on it and stand to gain 100k a year later that's good coin for them.

I even coined the phrase to identify those who continuously buy more and more courses and training, but never actually buy a deal.

LOL.. so I don't want to see my guys and gals burn out.but I do like to talk both sides of the coin BP tends to be buy rentals and all is rosy..  

This is how an investor can add value and raise the sales price on multi family by adding additional revenue producing features like coin op laundry, vending machines, or storage space.Happy InvestingDerek Dombeck