Better than some made up numbers lmfao. How would a 1.5 mil mansion just be divided by 4 into 4 units at 375k?! Please explain, Makes absolutely no sense.

You need 4 full kitchens, 4 sets of full bathrooms, 4 master bed rooms. 4 living rooms next to the kitchens at an absolute minimum. That’s the Bare minimum for 4 1BR condos. The bedrooms need big windows to crawl out of for emergency, so a basement room usually can’t count as a legit room. The original house will have at most 2 full bathrooms, one master bedroom, one kitchen, and massive renovations to just separate the units.

You need to spend a ton of money to retrofit even a big house. They’re not designed to be easily converted into anything leastwise 4 separate units, and it could even be cheaper to tear it down and build from scratch.

Also there are no 1000 sq feet 1 BR condos, most are 700-800 sq feet and if theyre a newer building ain’t anywhere near as cheap as 375k. So these ‘affordable’ 1 BR condos would end up easily costing 500K+, which is much less affordable than existing 1 BR condos available.