Adams County, CO property - Sold as duplex, triplex conversion?
Here's what the property description says:
Large remodeled brick duplex that functions as 3 units. 8.8% Cap as 3 units! TURN KEY Investment- Ready to rent 1709: 5bd/2ba with a shed converted to a man cave. (1709 currently occupied @ $2200) 1713: Broken up into 2 units: *Up- 2bd/1ba* *Down- 3bd/1ba/2 car garage* (1713 is vacant) 3 blocks from Stanley Marketplace. 1 block from Montview Park / City Park. Lots of storage and built in cabinets throughout the units. Large bedrooms. Property is officially a duplex. 1713 essentially has a mother-in-law unit. Property will need to be financed/purchased as a duplex and fully converted after closing. Rentometer projections: 3bd-$1750, 2bd-$1200, 5bd: $2300-$2500 Great tenant base with close proximity to hospital. 1713 also has a wood burning fireplace, newer furnace and 2 car garage with gated alley access. Both units feature fenced front yards with sprinkler systems. Egress windows in basement 3d walkthrough: https://bit.ly/2LJv6N6
Does anyone have experience in Adams County, CO with purchasing a duplex and fully converting it to a triplex? Is that allowed? Worth the cost/expense?
That question seems an important factor on whether this one is a deal. I'm looking to owner occupy with a low down payment.
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