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All Forum Posts by: Andrew M.

Andrew M. has started 1 posts and replied 5 times.

Post: Baltimore: Converting from 2 units to 3 units

Andrew M.Posted
  • Engineer
  • Baltimore, MD
  • Posts 5
  • Votes 0
Originally posted by @Ned Carey:

They may require parking for all three units. Hampden is already crowded. The city probably doesn't want more density there. 

 I thought about that actually. I could provide 1 parking space (possibly 2), but certainly not enough for all three. In my opinion, whether the building is 2 or 3 units, the number of tenants with cars could likely be the same. I've lived in the neighborhood for the last 10 years, and it is getting crowded. I think it will get a lot more so over the next few years.

Post: Baltimore: Converting from 2 units to 3 units

Andrew M.Posted
  • Engineer
  • Baltimore, MD
  • Posts 5
  • Votes 0
@Nicole A.
The property is in Hampden. $1000/month not including utilities should be pretty easy to get. It will be a nice renovation. Low end 1br's get $800/month. High end 1br's in the renovated mill buildings get over $1500/month. 
I would like to get a 3rd meter, which is will I will likely need to get re-zoned - I will need the correct zoning for permits to have the 3rd meter set up. 

I am aware of the lead stuff, but good to know about the smoke detectors. Thank you.

Post: Baltimore: Converting from 2 units to 3 units

Andrew M.Posted
  • Engineer
  • Baltimore, MD
  • Posts 5
  • Votes 0
Originally posted by @Roy N.:
Originally posted by @Al Williamson:

@Andrew M. Make sure you can qualify for a legal bedroom. It needs to have a window and you want an electrical outlet on every wall, plus a closet.

 Andrew ... Al is just being funny there ... you really do not need a closet on every wall, one is sufficient. ;-)  However, any walls, or floors/ceilings, in common with another unit will need to be fire rated.

The first thing is to check your zoning to see if a three-unit property is permitted under current zoning and whether the property (building and lot) satisfy the sizing and coverage requirements for a three unit property.

If zoning allows for three units and the property satisfies all requirements, then you can turn your attention to resilient channel, fire-X sheet rock and closets on every wall .... 

 Thanks, Roy. I do need to find out the current zoning. I think it would be worth it to make it a 3 unit in terms of rent (see my reply to Al).  I understand I would be taking a gamble by spending the extra money for some items now with the risk being I may not be successful at re-zoning. I need to quantify what those items are and how much of a risk it is... Each floor would be a unit - basement, first floor, second floor - so it would be easy and not very expensive to slap up some 5/8 drywall. Where do I find out what all the requirements are for a 3 unit? the International Fire Code? 

Post: Baltimore: Converting from 2 units to 3 units

Andrew M.Posted
  • Engineer
  • Baltimore, MD
  • Posts 5
  • Votes 0
Originally posted by @Al Williamson:

@Andrew M. Make sure you can qualify for a legal bedroom. It needs to have a window and you want an electrical outlet on every wall, plus a closet.

Also, think about marketing your unit as a 1 bedroom with office (if that's popular).

Well I think I could get $1k/month per 1 bedroom apt ($2k total) vs $1500/month for a 2 br (or 1br with office). I think the extra cash flow would be worth it over time. 

Post: Baltimore: Converting from 2 units to 3 units

Andrew M.Posted
  • Engineer
  • Baltimore, MD
  • Posts 5
  • Votes 0

I am under contract on my 2nd property in Baltimore City. It is a 2 unit building. To be honest, I am not sure of its zoning, but I believe it was originally built as 2 units, and it has 2 gas and 2 electric meters. It has been vacant for almost a year and was reportedly operated as a 2 unit rental for at least the last 10 years. 

I am purchasing the property with a streamlined 203K loan. I will live in one unit and rent the other. I will also turn my current house into a rental. I think the 2 unit building would also function well as a 3 unit building. Each floor could serve as a 1 bedroom apartment. I do not plan to set it up that way immediately. I would like to get through the 203K process and live there for a bit while I save money, but when I am ready to move on in a couple of years I think it would be great to make it a 3 unit. 

My question now is what are the requirements for a 3 unit vs a 2 unit. I assume I will have to have the property re-zoned in order to get a 3rd electric and 3rd gas meter. I know I can plan ahead by putting an hvac system for each unit, a water heater for each, separate electric, etc.. but are there other items to consider? For example - does a 3 unit building require an automatic sprinkler system? If so, I would really like to rough it in now while I'm doing work, rather than have to retrofit it.

Any other items to consider? Anyone have experience with zoning in Baltimore City?