Bird Dog Help

I have an investor having me look for a building in new jersey that can be converted into 10 condos .

What size should this be? About 15,000 sqft?

What type of building should I be looking for?

Howdy NJbirddog:

The average size unit will be about 700 sq ft if they are 2 br units and about 500 feet if they are 1 br so anywhere from 5000 to 7000 SF total. If they are really nice and big townhouse type units they could total 10,000 to 12,000 total.

Location, location, location. The better condo conversions are in the high rent districts. Areas where a lot of folks can not afford to buy a house but still want to live there because of great schools or close to downtown.

Just a few ideas to try to help LOL

Thanks tedjr. You are a great asset to this board, always helping out.