Combining (2) 4-plexes to create 8 unit apartment...any upside?

[Sam McPeek]

I am looking at 2 identical 4-plexes on separate small plots next to each other. One 4-plex lot has an easment for the other. Separatley, I can't make the numbers work at the prices 4-plexes are selling in this area.

Is there any upside in combining the plots to create one 8-unit apartment complex? Is it possible? What is involved in doing that?

It seems that if combined, there could be the upside in reducing expenses (insurance, property taxes, etc.) and being able to add value to the bottom line, more so than as a 4-plex.

Anyone have expierience with this kind of thing?

[Franklin Romine]

@Sam McPeek

The only upside I see just owning both of them so you can control the tenants and management of both.

Combing the parcels I think would limit your resale value because your now into commercial financing.  I don't see how you can create more rent, more value to offset the cost of combing.

Frank