Hello, I am at a road that goes 2 ways. I have a property I purchased short sale for a good price. The property is near Burien, R18 zoning. Just shy of 1/3 acre.
I can do a 5 Plex, single dwelling multi family w/o short platting.
I am Interested in construction costs for per square foot. I have heard 75$ to 250.
I am not committed to anything at the moment. But I could turn the property into a duplex fairly soon. But do not want to continue the duplex renovation if it may be torn down or sold.
I have mentors, but I am also not helpless. I'm the house on the property.
Happy Halloween 🎃
I have no idea. My only thought is that a 4-plex is still considered a residential loan (as I understand it), while a 5-plex becomes a commercial loan (as I understand it). That might make a difference in what you want to do. Also, it might make a difference in how easy it is to sell. You might find it easier to sell a 10 unit property than a 5 unit one just because a newbie (perhaps more interested in 5 units) might have a harder time getting a commercial loan, but a serious investor (perhaps more likely to be interested in 10 units) might have no problem getting a loan on a 10 until property.
These are just my thoughts. Good luck!
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