Landlord looking to convert property

[Takisha Jones]

I am interested in converting a duplex into a quadplex.  I am new to this process.  I received an architectural proposal.  Any tips on how to analyze the proposals.  

There is equity in the property. Is using the equity the best way to fund this project?

[Dan Powers]

@Takisha Jones Obviously going to echo people saying you need to make sure you have the correct RM-1 zoning for the property, but more importantly you need to make sure the lot dimensions can support it. For multi unit properties in Philadelphia you need to take your lot sqft and divide by 360, you need 360 sqft per unit up to 4 units. So, for a duplex you need a minimum of 720 sqft in lot size, 1080 for a triplex, and 1440 sqft for a quadplex. If you do not meet these requirements you cannot build the desired project unless you pursue a variance (which can be a headache).