Updated over 1 year ago on . Most recent reply
SFH Zoning for MFH Property
There is a property in NC that I am interested in pursuing. It is zoned for SR7, a single-family home, but is being sold as a multifamily home since the property was converted into 2- two entrances, 2bed/1bath per unit, separately metered electric. Financially, the numbers make sense, but I need to have a proper inspection since this is my first home (and I'm going unrepresented) and the house is built in 1915 with some renovations that were clearly done by the investor selling the property rather than a professional.
Question: Although previous owner has owned the property for 3 years and rented to tenants previously, should I be concerned that the legal zoning is only for SFH? I plan to live in one side and rent the other out for at least 2-5 years then will either get a property manager (preferred) or sell.