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Multi-Family and Apartment Investing

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Bryant Mortimer
  • Realtor
  • Charlottesville
4
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18
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Converting a two unit condo into a legal duplex

Bryant Mortimer
  • Realtor
  • Charlottesville
Posted Feb 7 2023, 14:50

I am hoping someone has experience or insight into converting a two unit condo building to a legal duplex. I am familiar with the duplex to condo conversion but I am having a hard time finding any information the other way. 

A little background on the property, it was originally a rowhome that was converted into a two unit condo building. I purchased one unit in 2016 and then the second unit in 2021. I am getting ready to move out of the building entirely and would like to disband the condo association and have one tax id for the building as a whole. I am not 100% certain of/if there is any tax benefit(s) but given my plan to hold forever it seems like having everything under one umbrella makes the most sense in the long term. Any advice/thoughts/opinions are more than welcome. Thank you!   

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