Would you consider this

[Jeff Lubeski]

I am looking at buying a property. It has 3 units. Gross rents are $2400. The owner will sell under a land contract with 20% down and 6.5% interest. Selling price is $152,000. If I assume 8.3% vacancy and 15% maintenance, I would net around $500 / month. The issue is this is a non-conforming property. There are 2 buildings on one lot in a zoned SFH area. It does not look like the property could be split. I have talked to the local municipality and do not foresee any issues. The main issue is this property will always be non-conforming and if I wanted to sell, it would probably not be easy.

Thoughts?