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Updated over 9 years ago,
4 unit Multifamily Gut Renovation/Expansion HVAC recommendations
Hi All -
I am gut renovating a 2300 sq 2 family house into a 4 unit 4100 sq ft multi-family building. I have the ability to start from scratch? Assuming 3 units are about 1000 square feet and the fourth is 700 square feet, I can't decide what's the best value proposition for my investment. The house is located in New York City.
My concerns are cold weather and dependability. I will configure the HVAC system to provide each unit its own system in order to have the tenants pay for their own heating/cooling. I have thought about heat pump/multi-splits, air handlers, etc.
At the end of the day, I am looking to flip this property and check the box with long term investors targeting this property. What is the value play?