It really won't make a difference regarding renter demand and if you allow storage the tenants will just fill it up with crap and leave it for you to dispose of after they move out.An additional bonus is that since you're in AZ it is more square footage that does not need to be climate controlled.

Just purchased a house that says 1350 square footage on the county appraiser website.

Or, 2) renovate the unit and convert it to a 2 bedroom like Unit 3 (same sq footage).

If so, I can explain how to develop a community and housing layout for any piece of land that meets low rise density requiements in a way that maximizes square footage built...and profits.

If going the agent route:  What you should ask your listing agent, is the list of homes in your area that are similar in style, no. of beds, baths, garage space, sq footage etc. , that sold within the last 6 months.

Location, square footage and number of beds/baths will be the biggest factors.

There are a lot of gamblers and high-risk investors that would lowball the price and then price for a worst case scenario for the interior of a certain square footage and planned use.

Address: Westcliffe Ave, Richmond, VA 23222Type: HouseBeds/Baths: 4/2.0Square Footage: 1,514Year Built: 1945Lot Size: 4,356 sq. ft.** Purchase & Rehab **Purchase Price: $115,000 ($76/sq. ft.)Purchase Costs: $3,450Rehab Costs: $7,500Down Payment: $28,750Total Cash Needed: $39,700** Financing **Loan Type: AmortizingLoan Amount: $86,250Loan to Value: 75%Loan Term: 15 YearsInterest Rate: 4.5%Monthly Payment: $660** Cash Flow (Monthly) **Rent: $1,260Vacancy: -$126 (10%)Expenses: -$504 (44.4%)NOI: $630Mortgage Payment: -$660Cash Flow: -$30** Returns & Ratios **Cap Rate: 6.6%Cash on Cash: -0.9%Return on Investment: -3.9%Return on Equity: -0.9%Internal Rate of Return: -3.9%Rent to Value: 1.1%Gross Rent Multiplier: 7.6Debt Coverage Ratio: 1

1800SQFT - 2300SQFT ..or is that too wide of a range.im asking this question because everyone ive asked thus far says to pull "alike" properties with similar square footage....but never exaplained what is acceptable (no rule of thumb)in addition...what to do if i dont see any comps?

So, here are the vague details:This would be an owner occupied purchase (my business would occupy about 29% of the total square footage)The other spaces are leased2 separate buildings (space 1= 46,800 sq ft; space 2= 10,000 sq ft)Possibility of owner financing of up to about 65-70% LTVCurrently the property does about $300,000 in operating income $53,000 in operating expenses for a net of $247,000.I'm really looking forward to hearing some feedback and opinions on the deal.