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Updated almost 3 years ago,
"creating" a duplex through purchasing two semi-attached units
I'm under contract right now for a small 3bd/2ba rental property which is a semi-attached home as it shares a wall with one other unit. I've done a little of investigative work and think I may have a good shot at making an offer off-market to the owner of the adjoined unit (who is also using the property as a rental) that I could pursue once this deal is closed.
Before I go down that path, I'm curious if there is any big benefits for organically "creating" a duplex here outside of scalability (or any disadvantages as well). E.g., at exit would selling a duplex fetch a higher price than a single unit? (I feel like usually I see it the other way around -- I see discounts offered if a buyer takes down both properties). Perhaps some benefit in lending terms if I finance the whole unit as a duplex as opposed to two single family units? Any other pros or cons I'm missing?