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Updated about 3 years ago,

User Stats

27
Posts
18
Votes
Jake Hart
  • Accountant
  • Muncie, IN
18
Votes |
27
Posts

Two 4-units into one 8-unit

Jake Hart
  • Accountant
  • Muncie, IN
Posted

Hi, I'm purchasing 2 4-unit properties that are sitting right beside each other but are on separate parcels of land. I called the zoning and planning department and they advised me that these parcels are currently zoned as commercial. My plan is to combine these parcels into 1 parcel. My question is, after these separate 4-unit buildings are technically on one parcel, would appraisers then be able to use the income valuation approach vs the market value approach? I would assume the answer is yes, but wanted to make sure. 

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