convert 4plex to single family?

[David H.]

I'm bidding on a 4plex that has lost it's zoning variance due to vacancy for over one year. The parish(county on most states) rezoned to R1 single family 20 years ago to fight blight. Long story short, this will not get a permit for R3.

i could buy the building for land value, but what do i do? Demo and build doesn't look profitable. I thought about just remodeling for a single family without demolishing the building. What are your thoughts? How could i do this conversion?