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Old 11-11-2007, 04:42 PM
 
943 posts, read 4,259,199 times
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I know they are usually in the worst neighborhoods, but aside from that. I also know most people look at multifamily homes as investments, but I always looked at MFR as mini mansions that were "chopped" up. I always had a vision of one day buying a multifamily home and converting to a single family home. Has anybody ever done this before or know of this being done? Approximately how much does it cost for the conversion?
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Old 11-12-2007, 12:31 PM
 
Location: Johns Creek, GA
17,475 posts, read 66,064,806 times
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This kind of thing is done all the time- old houses in the inner-city areas that have been converted to apartments. Then, are re-claimed and restored to their original grandour.
As far as cost- That would be a case by case basis. Some are hack jobs, and some maybe a simple matter (use that term lightly) of removing partition walls and the extra plumbing, etc.
No job is going to be easy- but the reward is great.
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