Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Mixed Use Building Tenant Question
Does anyone have experience with mixed use buildings? I am looking at a purchase that is mixed use (basically large older victorian type home with office space on main two floors and apartments on lower level) There is a loft on the top floor that would make a really cool 1 bedroom apartment if renovated. My eventual plan would possibly involve converting the office space into residential units as well. Would you advise converting, or do you like having a mix in unit type? As far as evicting commercial tenants, my thinking is that they would likely have much longer leases. Can these be rendered void once I take possession as the new owner and want to change the use? Please advise and much appreciated.