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Updated over 10 years ago on . Most recent reply

User Stats

94
Posts
24
Votes
Ryan K.
  • Investor
  • Eagle, CO
24
Votes |
94
Posts

Change of use from commercial to residential?

Ryan K.
  • Investor
  • Eagle, CO
Posted

Has anyone every gotten approval to convert a commercial condo into a residential condo? What was the process? Hire a lawyer and begin fighting through local condo board, PUD's HOA, county commissioners?

The property I'm looking at is in a ski resort area.  It's a very nice office with a full bath and a kitchenette.  All it needs is mattresses and a kitchen table and it could rent out very profitably as a short-term vacation rental.  As an office, with higher tax rates and more expensive mortgage terms, it does not make sense but it's lower expenses and much greater potential revenue as a residential rental.

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