Two 4-units into one 8-unit

[Jake Hart]

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. 

[Jake Hart]

@Ken Naim thanks! I’ll definitely reach out to them. If this actually works, it’ll be a game changer for me!!