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Updated over 2 years ago on . Most recent reply

User Stats

5
Posts
1
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Jason Matthews
  • Contractor
  • Boone, NC
1
Votes |
5
Posts

Duplex vs. Single Family for STR???

Jason Matthews
  • Contractor
  • Boone, NC
Posted

Hi all,

First time posting but been here a while…. I'm currently at a point where I'm trying to decide whether to convert my duplex (2) 2 bed 1 bath into a 4 bedroom 2 bath single family for STR. Either way I plan on doing STR with the property. I'm a GC so I have my company office and shop below with the units above. The property is in Boone, NC which has become a (4) season destination town and has a 4 year University here. Based on Airdna info, it's telling me that a single family 4 bed, 2 bath would pull in more revenue versus the 2 units? My thought was to leave them as two separate units but if somebody wanted to rent the whole thing, they could do that as well, as the units are side-by-side.
I just wasn’t sure if I was missing something and wanted to see if anyone else could possibly provide pros and cons that I’m not aware of. One note, I will be managing this STR myself as it’s right across the street from my personal home.
Any advice or suggestions/ feedback would be welcomed and appreciated.

Respectfully-

Jason

  • Jason Matthews
  • Most Popular Reply

    User Stats

    1,261
    Posts
    982
    Votes
    Leslie Anne Morris
    • Real Estate Agent
    • Smoky Mountains, TN
    982
    Votes |
    1,261
    Posts
    Leslie Anne Morris
    • Real Estate Agent
    • Smoky Mountains, TN
    Replied

    Seems like a lot of effort to change something that’s existing. Rent it for awhile as is and see how it does. 

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