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Updated over 3 years ago on . Most recent reply

User Stats

542
Posts
322
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Ryan Deasy
  • Lender
  • Farmington, CT
322
Votes |
542
Posts

Turning a motel into an apartment complex

Ryan Deasy
  • Lender
  • Farmington, CT
Posted

Hello!

We may have an opportunity to turn a 16 unit motel into an apartment complex in CT. all rooms would be studios minus one 2 bedroom apartment that is existing. 

i have been in talks with the town's building department and just need to speak with zoning now. all sounds pretty promising as far as any hoops we need to jump through. 

does anyone have any experience with this? if so, how did repositioning go? were you able to boost the property's value?

Thanks.

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