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Updated over 11 years ago on .

User Stats

475
Posts
211
Votes
Dennis Tierney
  • Investor
  • Omaha, NE
211
Votes |
475
Posts

Noncompliant zoning

Dennis Tierney
  • Investor
  • Omaha, NE
Posted

My son has a 10 unit under contract that is a conversion from over 50 yrs ago (100 yr old building). Apparently it was never rezoned for multifamily. I'm leery of him buying it because if it burns he'll not be able to replace it with mutifamily as the rest of the block is single family. If he waits until it is rezoned that would put off closing until the committee meets again in June and he's supposed to close at the end of the month. What would you do? Options?