Single Family Home with 4 Separate Units - Osceola County, FL

[Martin Adelson]

Greetings,

I have been presented with an opportunity to purchase a Single Family home that currently has 4 separate units, each with their own living space, each with rent opportunity. One of the additional units appears to have been built, but is not found in the county records. At first glance the ROI is exceptional, however there does seem to be risk. The property is metered and zoned as one house, not a multi plex. Does anyone have experience with this, thoughts and/or warnings? It is enticing to say the least as renters are in place and no rehab is required at this time, I just want to go into this deal with eyes wide open. Thanks for the thoughts.