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Updated over 12 years ago on . Most recent reply

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Marci Stein
  • Rental Property Investor
  • New York, NY
506
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950
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fourplex zoned as triplex ??

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Have an offer on a short sale 4 plex, just noticed the records state "triplex".
I'm not sure if that should make a difference to me , as i am still pretty new at investing. i have never had a multi unti before. I will be buying this for half the market value, if my offer is accepted. what does it mean to me that it may be zoned as triplex? thanks very much.

Most Popular Reply

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447
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Sean Brennan
  • Rental Property Investor
  • Manchester, NH
81
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447
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Sean Brennan
  • Rental Property Investor
  • Manchester, NH
Replied

If it is zoned in a triplex zoning district but is a quad and the town has issued a certificate of occupancy for four units than it is a legally non conforming use and you should be okay.

Basically, you need to check with the town and make sure it is legally operating as a four unit building especially if you suspect they may only have authorization for 3 units.

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