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Updated over 7 years ago on . Most recent reply

User Stats

63
Posts
16
Votes
Michael Vallee
  • Real Estate Agent
  • Scottsdale, AZ
16
Votes |
63
Posts

2 - 4plexes sold together - Residential Or Commercial

Michael Vallee
  • Real Estate Agent
  • Scottsdale, AZ
Posted
Looking at a property being offered as an "8plex" -2 4plexes on 2 separate lots in same listing. As far as financing and valuation does this fall under the rules for residential or commercial? If yes, okay. If not, why? And what are the variables that need to be present to fall under the rules for commercial valuation? Located in phoenix. Thank you in advance for some clarification, Michael Vallee

Most Popular Reply

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2,367
Posts
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
Votes |
2,367
Posts
Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

Do they have different parcel number?  If yes they  will come under residential parcel. You can finance in both ways what ever way you like it. 

  • Harjeet Bhatti
  • Loading replies...