Updated almost 4 years ago on . Most recent reply
Advise Needed For Multifamily Purchase
I have an off market triplex that has four units that have been operating as a fourplex for years. It is on one electrical meter and has a zoning of three or more units. However the tax record says three units. Im using special financing and it is great, but for the offer price to be reasonable I need it to be viewed as fourplex. There are no violations, code issues, or liens on the property from our understanding.
I would like to know if it is possible to get a letter from the city to see if it can be grandfathered in or recognized as a fourplex. Or since it has four active units with the proper zoning will it go unnoticed? Any help on how to get this deal closed would be absolutely huge! Im open to any creative ideas, or suggestions. Thanks so much to anyone that has time to give an opinion.
Most Popular Reply
Hello,
It would make sense for you to talk to a local expeditor who can answer all your questions and explain the process. We have a preferred partner in Miami that we work with all the time. Happy to share their contact info