Updated almost 4 years ago on . Most recent reply
Two 4-units into one 8-unit
Hi, I'm purchasing 2 4-unit properties that are sitting right beside each other but are on separate parcels of land. I called the zoning and planning department and they advised me that these parcels are currently zoned as commercial. My plan is to combine these parcels into 1 parcel. My question is, after these separate 4-unit buildings are technically on one parcel, would appraisers then be able to use the income valuation approach vs the market value approach? I would assume the answer is yes, but wanted to make sure.