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Updated almost 3 years ago on . Most recent reply

User Stats

15
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9
Votes
Abram Torres
  • Rental Property Investor
  • Rancho Cucamonga, CA
9
Votes |
15
Posts

To Single Family Buildings WITH Duplex Zoning

Abram Torres
  • Rental Property Investor
  • Rancho Cucamonga, CA
Posted

I have this pretty weird MultiFamily/SingleFamily property in Cleveland Ohio. I'm trying to run comparables on it but not sure which would be more adequate. Or which would a lender go based off of?

Its 2 seperate buildings divided by a driveway.

(3-2-1600sqft) & (3-1.5-1,500sqft)

Would you run comps on this as a SF Residence or as a (6-2.5-3100sqft) Duplex? Both Buildings are on the same lot. TIA!! 🙏

ARV on a SF 3bed-2ba-1500 sqft is about $170k per house/building & Duplex's that are around 6bd-2ba-3000sqft are selling at about $180k. What Would You Do???

Most Popular Reply

User Stats

1,302
Posts
1,487
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Joshua Janus
  • Realtor
  • Cleveland, OH
1,487
Votes |
1,302
Posts
Joshua Janus
  • Realtor
  • Cleveland, OH
Replied

@Abram Torres I would run comps for each side to give you a good idea of what they are worth separately. The value of a 3000sqft duplex is calculated differently than a 1500sqft SFH.

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