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Real Estate Investing
Use of 3rd floor apartment
J
Jim K
started a topic
about 4 years ago
I just bought a duplex with a 2 bedroom unit on each of the 1st and 2nd floors. The third floor has been very nicely remodeled with a half bath & shower, kitchen area and a bedroom at the front of the house. The problem is that the only egress from the third floor is down a back stairway that opens into the kitchen of the second floor unit (not the back stairway). This doesn't meet the fire code for a bedroom on the 3rd floor since there must be two methods of exiting the 3rd floor. Should I: a.) put a spiral staircase in the front of the third floor unit going down to the second floor unit? b.) market it as a "den" for the 2nd floor unit and not allow more than 2 tenants? (that's what the prior owner did although based on the rent he charged, I'm pretty sure there were 3 tenants living there) or c.) keept the third floor locked up and only use the first two floor for rentals? Or something else?
2 Comments
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J
James S
said
over 3 years ago
I think you should go with the first option. Put a separate staircase for the 3rd floor.
J
James S
said
over 3 years ago
I think you should go with the first option. Put a separate staircase for the 3rd floor.
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