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Updated almost 10 years ago on . Most recent reply
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Dividing Duplex into two Parcels
I would love the input of the experienced!
I have acquired a property zoned as a duplex on a single parcel. This is two identical 3/1 units sharing a center wall. What would it take to zone it as two individual parcels. I want to look into this because I could maximize my investment by selling seperately.
The zoning officer/person said there was a certain square footage requirement, which we didn't meet, but she said it might still be possible.
Anyone with related experience or has completed such division I am all ears! thanks BP
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@Justin Brewster You will see various opinions but I want tenants in place when I buy. (I also want to see the screening report to know the quality of tenant.) This proves the market value and rentability assuming you are at market rent.
I like to buy where I know the rents are below market. But with tenants in place i dont start off dealing with vacancies. You will usually have 1 month before you make a mortgage payment so your rent becomes your 1st month of reserves.