Hello,
This is a follow-up to an earlier thread about building multifamily units in Massachusetts.
http://forums.pelicanparts.com/showthread.php?threadid=179808
You guys had lots of excellent advice and so now I have returned with yet another real estate question.
Basically, I've realized that A) Multifamily buildable lots are very expensive and B) I don't much care if my units are attached to one another or not. So my question is: If I purchase a relatively large lot zoned for single family use, say an acre of RS5 or RS7, can I put down more than one single family residence and then rent them both out?
For example, a lot zoned as RS5 is intended to have single family units requiring a minimum of 5,000 square feet per lot. So in theory, if I find a 15,000 square foot lot, why not put down three separate houses and then rent them all?
Granted, attached units would be easier to build and maintain. But detached houses would be easier to rent and generate more revenue. So I would think it roughly balances out. Any thoughts?