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Updated about 15 years ago,
Can I get a residential mortgage for a 5 unit that could be a 4 unit?
I'm interested in purchasing a property that is currently rented as a 5-unit. It's got 4 structures on it - a duplex that at one time was rented as a single family, and 3 cabins. It only has 4 gas and electric meters, so I probably would prefer to rent it as a 4-unit when the current tenants move out, since the current landlord is paying all utilities on the duplex/single family. The property is zoned commercial. The county records/tax assessment have it listed as a 4-unit property.
Thanks,
MJ
- Mariah Jeffery