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Multi-Family and Apartment Investing

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Nyelle Johnson
  • Philadelphia , PA
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37
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Phila Triplex vs Duplex Appraisal

Nyelle Johnson
  • Philadelphia , PA
Posted Aug 17 2019, 10:01

Hello BP I have a property that's zoned as a triplex the previous owner roomed it as a open concept but technically u can't room in Philadelphia. I want to BRRRR it once rehab is complete however the layout for a triplex makes the second floor extremely tight and nearly unlivable as I need to cut out the hall from the 2nd floor space to get to the third floor. I'm thinking make it two bi-level units basement and first floor unit #1 then 2nd and 3rd floor unit #2. How would this effect the appraisal value? Also from my understanding I would not need to re-zone bc u can't go down from triplex to duplex u can't go up from duplex to triplex.

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