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Justin Brown
  • Rental Property Investor
  • Louisville, KY
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25
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Consolidating separate 4-plex properties into a single 8-plex?

Justin Brown
  • Rental Property Investor
  • Louisville, KY
Posted Jul 6 2018, 20:48

Looking to buy a commercial MFR with 5 or more units. I found 2 4-plexes in my market that share a parking lot but are owned and listed separately. Can I acquire both with a commercial loan and convert them to an 8-plex? Really wanting to drive up the valuation by increasing NOI and I am under the impression that it is necessary to have at least 5-units to do so.

I appreciate any feedback or input you may have.

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