SFH to Duplex conversion in Chattanooga
Hi! Has anyone done this in Chattanooga? I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this. The goal here would be to increase rental income. For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years. I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!
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Ding ding! You hit the nail on the head...that's where the SFH to Duplex conversion gets financially unrealistic. Even if you go "vertical", that tends to require an architect as well. At least where I am in the Midwest, I tend to see more Duplex to SFH conversions. Have you thought about doing an ADU on the SFH lot rather than converting to a Duplex? I don't know specifically about ADUs and Chattanooga, but I have clients in other markets that focus on ADU construction on larger SFH lots.