Four SFH on One Lot...Strategy?

[Ben Sears]

Browsing listings the other day and came across a listing for four SFH on 5 acres. Each house is identical (900 sq ft 2b,1ba). All are currently rented and producing income. I haven't seen these in person, but the condition looks average from the pictures. My question is on strategy for purchasing. If I went hard money with a down payment, would I have difficulty refinancing later with multiple properties on one lot? Would you purchase and have each property subdivided in case of a future flip/sale? Just some interesting thoughts running through my head.