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Updated almost 11 years ago,
Appraisal Question - 5-plex listed as 4-plex
Hello BP!
I am in the process of financing a 5-plex I recently bought in Tacoma, WA. My local county, Pierce County, Washington, has the property still listed as a 4-plex on their records. We would like to get the property appraised and financed as a 4-plex so we can get traditional financing. I am wondering if anyone has ever dealt with a similar situation and if you have any suggestions for the appraisal? Could we identify one of the units as a common area or personal office? Any other ideas? Thank you very much for your help!