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Updated over 9 years ago on . Most recent reply

Cliff T.'s profile image
Cliff T.'s profile image
Cliff T.
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Nov 25, 2016

User Stats

215
Posts
42
Votes
Cliff T.'s profile image
Cliff T.'s profile image
Cliff T.
  • Rental Property Investor
  • from San Francisco, CA
  • Member since Nov 25, 2016
Cliff T.
  • Rental Property Investor
  • San Francisco, CA
42
Votes |
215
Posts
Real Estate Deal Analysis & Advice

Guidance on bidding on a triplex zoned as a duplex

Cliff T.
  • Rental Property Investor
  • San Francisco, CA
Posted

Hey all-

Hoping to get some advice from BP on how you would proceed to value a "triplex" (currently 3 tenants living and paying rent) but the building is only zoned as a duplex. The property currently collects approx. $2200 in rent from the three tenants and the seller has listed the "triplex" at $190K.

Would you only put in an offer assuming the unit is a duplex and would therefore only collect ~$1500 per month in rent?

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