Consolidating separate 4-plex properties into a single 8-plex?
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.