A HUD-approved duplex can now be built nationwide on zero-lot-line parcels, functioning like a townhome. These manufactured homes on real foundations cost under $400,000, priced below local median income, making them cheaper than rent for first-time buyers and retirees.
Are you running deals like this? Home distributor, and there's affordable housing cottage home rules zoning that overlays over normal zoning. So about 2 years ago, they came out with a duplex that's HUD approved in all 50 states, and I was just looking at it and, and I said, what's the difference between a stick-built and, you know, regular duplex? And then you can, you know, you can townhome them if the land under it is Fee simple. So I put it through the city, talked to a civil engineer, and the civil engineer said, yeah, it seems it meets all the rules. They just didn't expect the rules to go together. Like, so basically what I'm doing, and I'm gonna find out in about 6 days if the city approves the second review, they understand it's a manufactured home and it has a zero lot line, which means that one property on the left of the middle of the duplex is your home once it's, once it's sold, and it has its own parcel numbers and the dirt underneath it. But it's just, just a townhome. That's all it is. But the cool thing about the concept is the houses are actual affordable. They're on a real foundation. They're below the medium income, as long as in the area it's, it's below $400,000 medium income, and somebody can buy it. That it finds an actual niche that a buyer would do, and I'm thinking folks that are retiring, folks that are entering into the housing market, and investors, because it's below the price point of rent. So it just meets a lot of niches.
