All Forum Posts by: Gabriel Moyers

Quote from @Robert Ellis:

Quote from @Gabriel Moyers:

Hi everyone,

I'm seeking guidance on the procedure for converting a single-family home into a duplex in the City of Miami. As a licensed realtor, I've come across many who claim to know the 'do's and don'ts' of this process, but I'm not always convinced these are the best practices.

I've helped many families find their dream homes and now see the importance of creating multi-generational assets. With rent and mortgage costs doubling in recent years, affordability for locals has decreased significantly. This has led more families to live together to stay in our beautiful city.

Specifically, I'm interested in properties within the T3-0 and T3-L zoning areas. What are the best practices for legally converting a portion of a home into a duplex? Any insights on how to achieve this efficiently would be greatly appreciated!

Thanks in advance for your help!

 have you looked at other strategies? is it that the square footage of the home is too big for them? first step is to go to the zoning department yourself and ask. have you looked at other strategies like ADUs or ground up? additions instead of conversion? conversions can be more expensive than new construction sometimes. maybe they can do a studio conversion as a start and make it smaller. there are a ton of strategies and structures but start by studying the market for 2 family properties and getting to know the miami zoning codes. you are the expert not them. ask for compensation 

Hello Robert, the square footage of the homes we're identifying allows the conversion into a duplex (typically 1,600 ft or greater) and the return on investment is much higher than constructing an ADU. On the resale' an appraisal gives a value of 40-45k for an ADU, versus a duplex conversion you will get full value of each square foot. I'm trying to structure a strategy to identify the best steps moving on acquisitions for conversions to re sell with the greatest return or best hold strategies to maximize highest and best use for property.

Hello Robert, the square footage of the homes we're identifying allows the conversion into a duplex (typically 1,600 ft or greater) and the return on investment is much higher than constructing an ADU. On the resale' an appraisal gives a value of 40-45k for an ADU, versus a duplex conversion you will get full value of each square foot. I'm trying to structure a strategy to identify the best steps moving on acquisitions for conversions to re sell with the greatest return or best hold strategies to maximize highest and best use for property.

Hi everyone,

I'm seeking guidance on the procedure for converting a single-family home into a duplex in the City of Miami. As a licensed realtor, I've come across many who claim to know the 'do's and don'ts' of this process, but I'm not always convinced these are the best practices.

I've helped many families find their dream homes and now see the importance of creating multi-generational assets. With rent and mortgage costs doubling in recent years, affordability for locals has decreased significantly. This has led more families to live together to stay in our beautiful city.

Specifically, I'm interested in properties within the T3-0 and T3-L zoning areas. What are the best practices for legally converting a portion of a home into a duplex? Any insights on how to achieve this efficiently would be greatly appreciated!

Thanks in advance for your help!