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Results 1 to 3 of 3
  1. #1
    dogmike is offline Renter
    Join Date
    Nov 2006
    Posts
    4

    Default triplex sell each unit individually

    does any body know the process to sell a (triplex) each unit seperately, I live in california. If there is anyone that can point me in the right direction it is appreciated.

  2. #2
    Join Date
    Oct 2005
    Location
    Cedar City
    Posts
    118

    Default

    Its probally to late but the only way is to condo or PUD it out.
    For all your Iron County, Washington County and Southern Utah Real Estate needs. Visit my website @
    Cedar City Real Estate, or visit my new Southern Utah Real Estate Site.

  3. #3
    Jennifer Allan is offline Fixer Upper
    Join Date
    Oct 2006
    Location
    Alabama
    Posts
    18

    Default

    I did this in Colorado several times. It's not hard if it's legal. The biggest issue (in Colorado) was sharing utilities. In Denver, it's okay to share a water line, but in other counties it wasn't, so the owner/splitter would have to add new water lines for each unit. Also, the zoning needs to be appropriate to handle three separate residences instead of just one multi-family building, if that makes sense.

    In an area where it's commonly done, you just need to hire a surveyer and an attorney to create a party-wall agreement.

    If Party Wall Agreements aren't legal where you live, then you would probably have to do a condo which is much more complicated.

    Helpful?

    Jennifer
    Jennifer Allan, GRI
    Author of Sell with Soul, The New Agent's Guide to an Extraordinary Career in Real Estate
    www.SellwithSoul.com
    Top Producer Independent Agent

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