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Updated almost 4 years ago,
Should I buy a house that is zoned commercially?
Hey guys!
I have the opportunity to buy a house for what seems like a sweet deal off-market and through family. It's a 5 bedroom triplex in Great Falls MT with repairs needed to the foundation.
My idea is to buy and hold(there's good cashflow) with the option of selling at an appreciated price. But the problem is that it is zoned commercially. From the little bit of research I've done it sounds like this could make selling a real nightmare. The house literally has businesses on it's left and houses on it's right.
So my question is what are some of the common problems you run into owning a house that is zoned commercially?
And, What are the proper questions I need to ask to find out what I need to know to make a sound choice?
I appreciate the help!