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Converting a Washington D.C townhouse into condos
Hi all-
I'm new to BP and this will be my first post. I recently purchased a end unit row home in the H st NE area from my landlord. I fixed it up and am now renting out two rooms in it, bringing in $1700/month which covers a lot of my mortgage.
I'm beginning to think long-term about what I want to do with the property though and someone mentioned to me the idea of converting it into condos. This seems like a reasonable idea given that I could turn a $500K property into a $1M property for $750K.
Has anyone out there had experience with this? Just trying to get general info re: zoning, general costs, obstacles one might encounter, etc and possible networking opportunities to chat further.
Thanks for your help!
Andrew