Possible First Deal

[Umair Baig]

Hey BiggerPockets!

I obtained this lead from a mailing campaign I sent out a week ago, I dropped by the property today and while I was speaking with the seller it turns out that there are actually two properties on one lot. One was a single family home approx 700 sq ft and the other was a 2 family home, all sitting one one lot of 28532 sq ft. While I was searching for comparable properties for the SFR, I had no problem doing that. On the other hand, when I tried searching the 2 family home I found no property information at all for that. The owner did mention that this is one of the few multi-family properties in Wayne, NJ and that there isn't many more of them in that town. Both properties get filed as one tax, so my question was if I found the ARV of the SFR how do I get the ARV of the 2 family home on the same lot with no records available. Any help will be greatly appreciated!

[John Hamilton]

Unless it has its own address, it's just an extra building on the property. I bet the original house, which is smaller, is the one on record. Depending on restrictions, not sure you can do anything now. You may have to pay some money to get it legit for the 2 family house (duplex?). Permits, zoning, lot allotment, etc are all things you are possibly facing in this deal.