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?
I'm out of Massachusetts
Thanks for all your help!
@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.
@Jon Huber So se what it is aloud as is as well as what the town would allow in that area today?
Thanks for the help and quick answer!
Tristan Michael Chicklowski
@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.
Ahh now I understand!!! Thanks! @Jon Huber
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing