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Updated over 5 years ago on . Most recent reply
Single Family or Commercial?
Hello BP! I always like to open with a thank you for those who take the time to spread their knowledge and experience. Appreciate you 🙏🏻
So I found a smoking deal on a 5-Unit property. The owner very cleverly and efficiently turned this 3 story SFH into 5 separate units. Four 1bd's, and one 2bd unit. They all have their own kitchens and community laundry in the basement. Not exactly sure how the utilities are broken down yet but I'll learn that soon.
This may be a stupid question but would this qualify as a commercial property sense it’s over 4-units?
Most Popular Reply
It's already been answered, by yes. A true commercial is 5+ units. I'm a commercial mortgage broker and can help with financing, or just with answering any questions you may have. Part of our role is to guide and educate!
Please feel free to reach out via PM here :)
Cassandra