Real Estate Law
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Hi and welcome to JA. I am Ray and will be the expert helping you today.This would be a good zoning designation to rebuild a multi family rental space or property for sale as a rental.The insurance here pays the policy limits up to value of the house as far as rebuilding.You would have the proceeds to rebuild a multi family dwelling. You could keep the policy limits payment and sell the lot as is.Overall this gives you more options and makes it more valuable since a multi family building could be rebuilt.Also you would be able to add say garage apartment or multi family structure to existing home.It is zoned for more than one family this is good thing overall as it gives you more options overall to develop it or in case of it burning down a different kind of structure for a rebuild or sale.
This is a great zoning designation because it allows you several options and is very desirable in case of a sale.
I appreciate the chance to help you today.Please let me know if you have more follow up.Thanks again.