Great Location that was about it
Pros
Great Location Smaller building with less tenants Large fire escape Proximity to good businesses
Cons
Paper thin walls Creaky floors Bug coming in from under the baseboards
Advice to the owners
Renovate
Slumlord, don’t rent here*
Pros
Cons outweigh the pros exponentially.
Cons
Building was not up to safety/sanitation codes and became overrun with aggressive squatters. Units have been illegally rent destabilized so all tenants were being illegally overcharged. Monthly exterminator was never sent until 311 reports were submitted, she even after then roach and mice problems were still persistent.
Advice to the owners
Do your job by creating safe and sanitary living spaces, quit price gouging and harassing the community, so maybe just sell your buildings so someone can actually take care of them and their tenants?