Duplex vs. Single Family for STR???
Hi all,
First time posting but been here a while…. I'm currently at a point where I'm trying to decide whether to convert my duplex (2) 2 bed 1 bath into a 4 bedroom 2 bath single family for STR. Either way I plan on doing STR with the property. I'm a GC so I have my company office and shop below with the units above. The property is in Boone, NC which has become a (4) season destination town and has a 4 year University here. Based on Airdna info, it's telling me that a single family 4 bed, 2 bath would pull in more revenue versus the 2 units? My thought was to leave them as two separate units but if somebody wanted to rent the whole thing, they could do that as well, as the units are side-by-side.
I just wasn’t sure if I was missing something and wanted to see if anyone else could possibly provide pros and cons that I’m not aware of. One note, I will be managing this STR myself as it’s right across the street from my personal home.
Any advice or suggestions/ feedback would be welcomed and appreciated.
Respectfully-
Jason