Decision on existing triplex or turn into duplex to build SFH
Hey so I just bought a triplex on an oversized lot and I have a situation where I can turn it back into a duplex and have just enough square footage to build a single family home any size on the empty space behind it or keep it a triplex!!!???!!
It’s built in 1910 I believe and was a duplex but someone made it into a triplex about 50 years ago and it’s on a 17,000 sq ft lot
I obviously need to figure out cost to build a new SFH. It's in the city limits here in Maryville TN. And there are a lot of businesses and people coming to the area.
Should I leave it or change it to be able to build later!?
I appreciate you guys and any advice I can get!!
Most Popular Reply
If it's already a triplex, why not build another similar triplex on the available land? Rehab the current triplex, build another and you have 6 units. Obviously check with zoning dept before taking on something like this, make sure you've checked everything else possible, then collect those rent checks! Lots of people moving into Maryville looking for affordable housing so sounds like a great opportunity for you.