General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago,
Expand Multi Family Property
BP Team,
My parents own a couple of multi-family properties south of Miami, closer to Homestead. The area around the properties have really grown over the last 20 years, and has been cleaned up quite a bit. Driving through the area now compared to back in the 90's is night and day. Nicer apartment complexes have popped up everywhere, replacing what previously were projects. Planted medians, swale, the whole 9.
Is it feasible to think the duplexes could be converted in to 4 or more units. Perhaps a 3 floor walk up? Just seeking advice on the best way to approach such an idea. Should we approach a local builder/developer first? An architect? An engineer? What's the best way ahead?
Property is currently the following per MDC,
PA Primary Zone 3161 UC CENTER - RESIDENTIAL MODIFIED (RM) 4 MAX HT
Primary Land Use 0802 MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Thanks in advance,
Respectfully,
Andrew