Investor · Springfield, MA · Member since 2011 · 37 posts · 4 votes
I was talking with a seller about a 4/2 muti-family. It had an unusual breakdown. the 1st/2nd floor is one unit (3/1) the 2nd unit is a 1/1 in the basement kinda. Have not walked the property yet. I don't want to go out if it in not officially a 2 unit.
So a a short story to a shorter question, "How to verify that a property is a Muti-family?" I think i would be ether the tax assessors, or building department?
Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
11y
@Tristan Chicklowski You guessed it. Yes, you would want to check with the tax assessor and public records to see what the property is listed at. Also, big point, you want to see what the property is zoned as. Meaning, if it is a true multi on a lot that has changed zoning, if anything happens to the property, you would not be able to rebuild a multi.
Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
11y
@Tristan Chicklowski Yes (If I understand you correctly). You always want to protect yourself that if some natural disaster wiped your house off of the property, you would be able to build something of equal or higher value. Meaning, I wouldn't mind a single family on a R2 duplex lot, because if the house gets wiped out, I could put another single family OR a duplex. But if it is a duplex on a single family lot, you could only put a single up.