Converting Single Family House into a Duplex : Zoned R4
Hi everyone, I have a 4 bed, 2.5 bath SFR home in North Phoenix that is 95% done with a current remodel. It is zoned R4 with a 692 ft2 addition was just recently added that could make it a Duplex if you wall it off. The property has dual driveways with RV gates on both sides of the house perfect for a 2 unit MFH. Do you think it would be wise to convert it into a duplex with two 2/1 units? The front unit has the kitchen. You would have to take out the half bath and laundry room or scale down the master to make room to add a kitchen for the back unit. Comps for units this size in the neighborhood are renting out for $1500-$1800 each. Leaving it as a single fam would rent out somewhere between $2500-$2800. The units would be a little under 700 ft2 each. I'm deciding whether to sell it as is, convert it to a duplex & sell, or hold & rent as either. Currently priced at $379k as is. Let me know what you think would be smart to do. I can provide more info if need be. Thanks
