Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

163
Posts
59
Votes
Anthony Simboli
  • Investor
  • Londonderry, NH
59
Votes |
163
Posts

Property including a parcel of land

Anthony Simboli
  • Investor
  • Londonderry, NH
Posted

I am looking at purchasing a property just outside of Boston MA. It is a 3 family unit with 2 bedrooms per unit. It also includes a parcel of land. Does anyone have any experience on how beneficial that could be? From what our realtor has told us we could build on it or we could eventually sell the land.

Any thoughts, things to look out for etc...

Thanks!

  • Anthony Simboli
  • Most Popular Reply

    User Stats

    227
    Posts
    114
    Votes
    John Santero
    • Investor
    • Chattanooga, TN
    114
    Votes |
    227
    Posts
    John Santero
    • Investor
    • Chattanooga, TN
    Replied

    You need to inquire if the parcel of land and the existing building are  separate parcels with a separate address. If not, you would need to check zoning if you can add additional units to the existing parcel or see if you can split the plot into two parcels and check what the zoning will be for the structure you want to build. good luck!

    Loading replies...