Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Staten Island.

Basically a restricted unit can definitely burn out a capacitor and anytime you set a unit too low causing it to  struggle to keep up (ex. set at 69 but it never drops below 76…) will keep a unit running 24/7.

The lot is zonedmultifamily RM-2-5, for 5 units and 2 or 3 ADU’s.

For trim, some of the units had wood trim that didnt match so we just painted it all one color or stained it.

Hello All,Been contemplating in possibly putting up my 4 unit fully rented house located near the firehouse on Palisades Ave for sale later this year and looking to get some rough estimates of it's potential sale value.

Our portfolio in Illinois (close to Chicago):All properties in this portfolio are the exact same layout in terms of sq ft and having 2 bedroom and 1 bathroom and are Condos in a 4 unit building Only difference is when each unit was renovated or not.

Get reps looking at them in real life so you know what the numbers you put into the spreadsheet later mean.If you are single, you should be looking for uneven units.

Single family units are more than plentiful in this area so that was my target, however,  since our recent encounters with multiple hurricanes, insurance makes it near impossible to even remotely turn a profit as a landlord.  

I have sold a bit over 50 million of the northside 2-4 units so seen lots of day 1 analysis vs long term, they tend to not look great on paper in year 1 but rents ramp up each year and they run under 3% vacancy here so actually bring high returns over the long run.