Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

9
Posts
3
Votes
Elwyn D.
  • Investor
  • Orlando, FL
3
Votes |
9
Posts

Tear down an Orlando Ranch to build a Fourplex?

Elwyn D.
  • Investor
  • Orlando, FL
Posted

I want to tear down a 1600 sq ft ranch in a hot infill area of Orlando called SODO  (south of downtown) and build a fourplex for rent and hold. Currently cash flows ~$1000 per month. There is no mortgage So land is totally owned and  after completion, Cash flow will be significantly greater. Debt will be construction only. That is why I want to convert it....more doors per acre.The lot is 140ft wide x 100ft deep. Zoning is R2-A. This means it can hypothetically carry a 4 unit multi family max at the regulated density but with FAR restrictions of  0.30 meaning the total living sq ft will be limited to about 4200. Has anyone worked with City authorities to get zoning approval for this type of project... Orlando or otherwise? Any other tips/advice in getting Municipal buy-in/Agreement? Thanks in advance.

Loading replies...