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Updated almost 7 years ago on . Most recent reply

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John Warren
  • Nampa, ID
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Converting SFH to Duplex during rehab?

John Warren
  • Nampa, ID
Posted

There is a property I am eyeballing that would require a fairly extensive remodel, but it is also big enough and laid out in a way that made me think it might be a good idea to convert it to a duplex. It might be able to be done without even losing a bedroom, but even if it goes from 4 bed 2 bath to a unit with 2/1 and a 1/1 unit, the rental income (or sale price) should be higher than a 4/2 SFR in the area.

That said I'm not sure if there's something I may be overlooking.

It already has 2 exterior doors positioned nicely with separate porches and room to have cars parked on different sides of the house (it's on a street corner).

I looked up the zoning regs for how the plot is classified and it is allowed by right (don't need to apply special allowances or rezoning) to have multi-family housing on the plot.

The rehab would already have it gutted enough that the changes to plumbing and electrical would be easier.

I don't have any idea how hard it is to get separate metering for water/gas/electric.  Is that normally very difficult?  Expensive?

Since I don't want to pay for tenant utilities, they would need separate HVAC and hot water in addition to the metering.

The second kitchen and related plumbing/electrical work would definitely be an added expense - laundry hookups too for that matter... but if the numbers add up that shouldn't be a problem.

Is there anything else I'm missing or could be overlooking that would throw my numbers off significantly?

Does anyone have experience with converting to a multi family property during rehab of a single family?  Any issues you ran into or things you wish you'd known going in?

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Dennis M.
  • Rental Property Investor
  • Erie, pa
9,407
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Dennis M.
  • Rental Property Investor
  • Erie, pa
Replied

Splitting utilities heat electric water etc .. make this conversion expensive

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