They are also pretty close to the house and sidewalks.

Take the NOI divide by, in our example 6% cap rate and that should be your number but you still must consider other factors like capital expense (roof, sidewalks, etc...) but the starting point should be the NOI/cap rate. 

Real property consists of land, buildings or other inherently permanent structures.Examples of Personal Property (contained in or attached to a structure/building)Interior LandscapingNeon or Other SignsDisplay Racks, Shelves or CabinetsWall CoveringsWindow TreatmentsCertain Air-conditioning EquipmentDecorative and Specific Business Activity Light FixturesCarpetingDecorative Trim & MillworkMachinery, Generators & Kitchen EquipmentAccordion Doors and PartitionsExamples of Real PropertyLand (non-depreciable)Buildings (27.5 or 39 year depreciation)Exterior Landscaping (15 year depreciation)Paved Parking Areas (15 year depreciation)Swimming Pools (15 year depreciation)Fences (15 year depreciation)Bridges (15 year depreciation)Side-walks (15 year depreciation)Docks (15 year depreciation)After the tax reform, the structural value of a building is depreciated over 27.5 to 39 years and the tangible portion of a building is allowed to be expensed immediately in the year the assets were placed into service by the business.

If someone trips on your sidewalk any lawyer taking the case will immediately search public records and bring the deeded owner into the case.

Started pressure washing the brick and side walks, turns out the bricks are indeed red who would have thought.Hall way #1 is in the spackle stage and trim has been sanded and painted, was much worse than we thought but will be pristine shortly, next up is replacing the stair treads and risers.Mail boxes have been moved out of the hallways and centrally located, most of them were only holding to the wall by a wing and a prayer and the mail carrier appreciates the update.With the nice weather lots of folks out and about back and forth from the beach access at the end of the street, lots of the neighbors stopped and thanked us for cleaning up the property and welcomed us to the neighborhood. 

Of course, they were not so eager when I pointed out what a great idea they had and they should apply the same expectation for the sidewalks which were in common areas.

(A PERMIT IS REQUIRED FROM THE CITY OF EUCLID BUILDING DEPT)Damage foundation walls provide engineer report to the inspector before any work done on walls1755.24(b)(2) Replace all broken or lifted sections of concrete on the entire property including the drive, garage pad, sidewalk, patios, and apron.

The following areas are specifically designated as NOT PERMISSIBLE USE AREAS: balconies, patios, any common areas including but not limited to sidewalks, stairways, pool area, clubhouse, parking lot, or leasing office.8.

Video imaging showed two problems: one under the street and one under a sidewalk.

I would be purchasing the SFR, then would need to do necessary improvements (curb, sidewalk, gutter, road improvements and driveway between the new parcels to serve the 2 new land parcels.