Three duplexes under 1 deed, how can i split them up?

[Kwame Knights]

Greetings BP,

I'm currently evaluating a off market deal in Maryland. Its 3 duplexes side by side under 1 deed for 230k (picture below). As i consider my various exit strategies, i was curious if anyone knew how to split up or give each duplex their own deed? This would give me some flexibility to sell them off individually if needed. 

[Hadar Orkibi]

To separate them you will need to go through a subdivision.

It’s not a full condo conversion if you are only separating the buildings and not each unit.

You will need to talk to land sourveyor and estimate the cost.

It is likely that you will need to upgrade the services and some utilities, also you may need to fire rate the external walls of each building. It’s all depends on the city rules. 

From finance point of view the Duplex will be more attractive to small investors or Home buyers that could house hac. 

These will be appraised as per unit approach- CMA.

As 6 units you can increase the NOI and appraise with the income approach.

Take in account that Taxes and Insurance may be higher as 3 separate buildings.