Combining Two or More Properties

[Michael Kistner]

Has anyone combined two or more properties into one address? If so what did it take and was it worth it?

To give you context I'm looking at three duplexes that appear to be on one large lot. However they have three separate addresses. If I were to combine them and have one address I'd be able to value them based off the cap rate instead of comparable properties.

[Todd Powell]

@Michael Kistner Why do you want them on one tax address? Is it merely for financing reasons later, or something else? I always believe that separate properties give you more flexibility and when you sell typically will net you more money per unit. I own two 4 plexes that share the same parking lot, but bought from two separate older owners and on two different tax lots. I would not want these combined for any reason I can think of. What is your motivation behind this?