Single to multi conversion?

[Dominick Tanella]

Hi,

A house in an A neighborhood recently went on the market in my area that has two separate units with separate utilities. The house is unfortunately zoned as a single family. The lender says he can’t legally lend on a single family with two kitchens and the owner doesn’t want to convert. 

Does anyone have any experience with zoning conversions from single to multi? Particularly in NJ? 

I believe the seller would accept a lower offer if the buyer were to convert which would actually make it a decent deal. However, if conversion isn’t possible the monthly payment is not a desirable payment to be stuck with. 

There are other multi family units on the same street so I would imagine it is not impossible but I am concerned about how long it can take. 

Any experience would be greatly appreciated.  

Dominick