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Updated almost 9 years ago, 12/22/2015
Convert a Church to Income Property?
So there is an old abandoned church that used to own two houses connected on a new parcel. In 2010 and 2011 I ended up buying both of those houses as FNMA foreclosures.
The church is for sale. The owner wants too much still, but I am sure he is open to offers.
It is 7,000 sq ft. With a sanctuary and an attached class room style building. This is very low income area, but on a relatively busy street.
I am looking for creative ideas on what to convert it into to generate profits? Multi-family apartment style housing doesn't work great. Maybe low class hotel or hostel? Commercial might be kinda tough because zoning is mostly residential.