Updated almost 12 years ago on . Most recent reply
Convert school into income property?
Hello BP,
Does anyone have experience converting a school into an income property? What are the options?
I have an off-market deal for a nice elementary school in Texas. The town has around 50,000 people and growing.
School has 18 classrooms, 6 large community style school bathrooms, gymnasium, 3 mobile home style classrooms, and an auditorium.
Price: $70,000.
I have a good connection into the city if we need to re-zone. Comes with 3 acres of open grass space.
Any ideas on how to convert this into an income property?