Current 3 family with zoning options for 8 units instead.

[Christopher Mosher]

I own a 3 family in the metro west area, 18 miles outside of Boston, Massachusetts. With the property size i have, the town will allow 8 units without any variances. the property is 310 feet long by 79 feet wide. The current house sits at the front of the lot, next to the street. Where should i start with even taking on this kind of project?

[Jonathan Marcus]

First, run some projections on the income potential of a brand new 8 unit building. Then, 
speak with an architect, commercial lender and a General contractor because you need to get an idea of the cost to build the new structure (price per Sq/ft) and determine your soft costs and hard cost. Once you have the info only then should you decide if you want to move forward with it or not.