Sell Your Multi-Family Property Fast!
Help Us Help You, Inc. buys all types of commercial apartment buildings, duplex buildings, triplex buildings, quadplex buildings, lofts, townhouse buildings, garden-style buildings, mid-rises, hi-rises, walk-up and special-purpose buildings
Selling your Commercial Building is Easy. Our acquisition team specializes in buying Commercial Properties
Duplex/Triplex/QuadruplexDuplexes are two-unit rental properties, triplexes are three-unit properties, and quadruplex, four units. Pretty straightforward.
Garden ApartmentsGarden apartments are typically 3-4 stories with 50-400 units, no elevators, and surface parking.Essentially, it is a collection of low-rise apartment buildings on one piece of property, those of which may share yard or other land space.
Mid-Rise ApartmentsThese properties are usually 5-12 stories, with between 30-110 units, and elevator service. These are often constructed in urban infill locations.
High-Rise ApartmentsHigh-rise apartments are found in larger markets, usually have 100+ units, and are professionally managed.The number of stories is less explicit for high-rise buildings, but typically once you exceed 10-12 stories, most markets will consider the building as a high-rise.Once a high-rise building exceeds 40 stories and meets a certain height, it’s generally considered a skyscraper.
Here are 7 steps you can take in preparation to sell your Multi-Family Home:
1) Review all your leases terms and lengths of each tenancy
2) Determine what each unit is rented for?
3) Are all rents up-to-date and paid on time?
4) Are security deposits being held?
6) Are all units currently occupied?
7) Review the yearly net operating income statement
5) What’s included in the rent for each unit?
As you can see, selling a Multi-Family home is different than selling a single-family home
Even though selling a Multi-Family home requires more preparation, that doesn’t mean that it will be more difficult, time-consuming, or stressful
Don’t worry about doing expensive or cosmetic repairs
By following the 7 preparation steps discussed above, you’ll put yourself in a much better position to experience a smooth and successful sale
No Real Estate Commission – Save Thousands of Dollars by selling for cash to Help Us Help You, Inc.
If you have an apartment building or multifamily Investment property for sale, fill out the form below for your FREE Cash Offer
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