That's right. Possibilities include dividing top two floors into 4 units. And rent out first floor commercial to subsidies condo association. Or spit all three floors in two, to make six loft condos, each just under 2,000 sf each. That would take 6 investors with about 50k each. We should ask our friend Dave about anticipated insurance, heat, costs etc. Taxes are $567 a month before any request for change of use with zoning dept. It would take more upfront money to make 6 more bathrooms and kitchens. Also wonder if there are two sets of stairs at either end to access two upstairs units per floor. If daves been inside he might know. He may also be aware of any developer incentives the town might be offering.
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- bill 9-29-2012 5:59 pm