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Updated almost 9 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Tommy Simpson
  • Auburn, WA
2
Votes |
7
Posts

Converting Single Family Dwelling on R5 Zoned Property

Tommy Simpson
  • Auburn, WA
Posted

I am seeking advice on a property that has a single family dwelling on property zoned for R5. What do I need to know in analyzing this property for wholesale?

Most Popular Reply

Account Closed
  • Frederick, MD
256
Votes |
654
Posts
Account Closed
  • Frederick, MD
Replied

@Tommy Simpson, no, there isn't a consistent difference between the two... far too many variables to consider. And while anything can be reduced to a SF figure, that can be a slippery slope.  $30/SF may very well be a viable amount for analysis purposes in Washington State, but here in the Washington, DC area, that probably wouldn't fly except for the most basic of rehabs.  Good luck to you!

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