Fouplex in Duplex zone

[Yuvaraj Vimawala]

Hello,

I am considering buying a 4-plex in Fort Worth, TX. Great deal with 14% cap even on a 15yr note. (I'll be buying all cash though). It's also remodeled.

The catch in the deal is, the city has zoned the neighborhood to be SFR/Duplex only. I'm being told that it will cost only a couple of thousand to re-zone it. Is that true?

The risk is if the re-zone request is denied then the city might force us to convert it back to a duplex/SFR.

Anyone has experience in this area? Any advice is helpful.

Respectfully, please don't comment just talk to an expert. I already know that.

Thanks