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Updated about 3 years ago,

User Stats

60
Posts
43
Votes
Pamela Morrison
  • Rental Property Investor
  • Flint, MI
43
Votes |
60
Posts

Converting Condo Clubhouse to Actual Condo's or Rental Units

Pamela Morrison
  • Rental Property Investor
  • Flint, MI
Posted

I have a condo complex that we do work for with our contracting company that has a beautiful clubhouse that is rarely if ever used.  It shares a common wall with a 2 bedroom unit that is currently used as a rental.  The board approached me about converting the clubhouse to a 3 bedroom unit and then selling the 2 bedroom and 3 bedroom units as condo's.  Does anyone have any experience with a project like this?  The building is owned free and clear and is situated on the current condominium land (common space) but does not show as separate units on the township master plans.  The units currently have separate water meters, water heaters and furnaces but share the same gas/electric meters.  The electric and gas meters could easily be separated.  I feel confident in the construction side of things but would love any feedback on the legal side as far as what is needed to sell them as separate units.  Any thoughts?