Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Randy Golden
  • Seattle, WA
0
Votes |
1
Posts

90 yr old Non-conforming multi-family

Randy Golden
  • Seattle, WA
Posted

Hello, I'm lost and need some guidance. I'm considering a 2 story SFR with a mother-in-law at the basement level, in Seattle. The SFR was converted to a triplex and is on a fairly major cross-street with other apartments. The present owner successfully added 3 electric meters some years back and has been renting the upper two levels, keeping the lower level for herself. The home is about 100 years old in a mixed-use area, but it is zoned SFR. So, there are 3 levels with separate entrances, separate electric, common water, no gas to the house. The city and county records show it as a triplex with best use as a triplex, but zones as SFR. I had 2 appraisals done and one appraiser did not care. The other rejected the appraisal saying he called the city and the structure is a SFR converted without permits to a triplex - date of conversion unknown . The price is attractive for the area but we are worried about the city telling us we can't use it as a triplex, which is hte only way it pays for itself. Given they allowed 3 meters sometime back, and we don;t know about the grandfathering, but we know there are no permits for the work and the work, when done years ago. Then again, we are not sure how many years back the work was done and if it is grandfathered and we have no idea how to figure that out. Any advice on this situation is appreciated.

Loading replies...