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Updated over 3 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Myles Young
  • Contractor
  • Morristown, TN
2
Votes |
10
Posts

Duplex listed as commercial

Myles Young
  • Contractor
  • Morristown, TN
Posted

Found a duplex that works with the numbers in a quiet neighborhood. Looking at the taxes and property information has shown that the property is listed as commercial which is confusing to me since it’s in a residential area no where near commercial buildings. 

My lender that I had set up has informed me that they will not be able to lend on this property due to the listed commercial. Are there any reasons for concern with a property listed commercial as a duplex? Are there any benefits to listed commercial? 

  • Myles Young
  • Loading replies...