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Updated about 8 years ago on . Most recent reply

User Stats

225
Posts
56
Votes
Michael Johnson
  • Specialist
  • Marco Island, FL
56
Votes |
225
Posts

Has anyone ever considered taking down the divider in duplexes?

Michael Johnson
  • Specialist
  • Marco Island, FL
Posted

I just feel like it would be cool. But im unsure if it is feasible let alone productive. Get a duplex rent it to people on both sides. when they move out tear down the wall.. put a huge area rug in the middle of the new "great room" rezone if necessary? and take care of whatever tax issues it causes. Then Live in it until you sell it overpriced?

I made all that up, there could be a thousand other variations on it. I just tried to get my point across. 

Is this possible? 

Most Popular Reply

User Stats

79
Posts
63
Votes
Robert Whitelaw
  • Residential Real Estate Broker
  • Morgan Hill, CA
63
Votes |
79
Posts
Robert Whitelaw
  • Residential Real Estate Broker
  • Morgan Hill, CA
Replied

This would seem like an odd change to the "highest and best use" of the property. Not saying there would not be situations where it might make sense, but it would not be something I would do. Duplexes  tend to make more cashflow than single family units. If it is already set up to satisfy the housing needs of two families and it benefits the landlord at a higher rate, why change that? 

In this scenario, I would just keep renting out the other half of the duplex and pocketing the profit till it makes sense for me to purchase an SFR and still keep the duplex - then rent out the side I vacate. Very sexy.

R

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