Three Units but Legally Single Family
Good morning BP.
There is a property for sale in Suffolk county, NY. One of my co-workers purchased it about a year ago, got divorced and now the ex is selling it. It is a single family house but has two units in the main building and a cottage in the garage building with separate meters.
The rents here are $4k for a $250k purchase so the numbers are beautiful. I do not like the idea of not doing things by the books and it doesn’t seem like this one would ever be able to be made legally multi-family.
Should I take my chances and go ahead with it anyway? What kind of repercussions occur if the town were to find out about something like this?
Most Popular Reply
@Eric Telese, I'd speak with an attorney who is familiar with the town. I know someone in Huntington that does a lot of Suffolk work. PM me if you would like his info.