Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

163
Posts
59
Votes
Anthony Simboli
  • Investor
  • Londonderry, NH
59
Votes |
163
Posts

Property including a parcel of land

Anthony Simboli
  • Investor
  • Londonderry, NH
Posted

I am looking at purchasing a property just outside of Boston MA. It is a 3 family unit with 2 bedrooms per unit. It also includes a parcel of land. Does anyone have any experience on how beneficial that could be? From what our realtor has told us we could build on it or we could eventually sell the land.

Any thoughts, things to look out for etc...

Thanks!

Most Popular Reply

User Stats

227
Posts
114
Votes
John Santero
  • Investor
  • Chattanooga, TN
114
Votes |
227
Posts
John Santero
  • Investor
  • Chattanooga, TN
Replied

You need to inquire if the parcel of land and the existing building are  separate parcels with a separate address. If not, you would need to check zoning if you can add additional units to the existing parcel or see if you can split the plot into two parcels and check what the zoning will be for the structure you want to build. good luck!

Loading replies...