Top floor is a 3 bdrm 1 bath but in the spring will be a 4 bdrm with 1 and a 1/2 baths.

Forgot to state, that no capex costs were included because the condition of the unit appears rent ready, with appliances, fixtures, good flooring, paint, etc.

I will not be the type of person who has to 'feel for the floor before getting out of bed.'

Will have all new windows & doors, commercial flooring, peaked roof, int. done very tastefully, exterior fixed up and new street-side wall installed in place of wooden sliding garage door.It's a tidy studio size for students, local workers, etc.

Roof is in need of replacement ($4-5,000) and could use some carpet replacement and made some laminate flooring and misc, paint, cleaning ($2,000) Property should rent for $700-$750 Per month.

Hi All, Was hoping if anybody had some recommended stories on what they look for in a floor plan.

The point is that this type of real estate development presents opportunities for investors.For a successful grocery business, for example, a residential component on the 2nd and 3rd floors with apartments with rental income potential would be a nice way to offset the risk of the business in the store at the street level.

It's a B/B- prop in a C but improving area that is starting to attract some hipster/artist types.I just rented a nice 1:1 on the same block that was markedly smaller but charming, with a good floor plan, for $495 - which was basically .90/sf plus $50/mo utilities.If I put that same model on the new duplex, which is clean plain jane vs charming, I get a crazy number... $900, which is more than a 3/2 in this area.

In any case, you may want to consider other types of flooring, such as luxury vinyl planks.

We pour tons of money into our buildings (new windows, new flooring, new fixtures, etc.) in order to attract the higher quality tenant.