Articles for apartment building owners and the brokers who represent them — how buyers evaluate deals, how to prepare a property for sale, and what to expect from the process.
Selling a 5+ unit building is different from selling a house. Buyers price it off income, so the rent roll, the trailing twelve months of operating numbers, and the condition of big-ticket items like roofs, boilers and parking lots carry more weight than curb appeal. Owners who pull those documents together before going to market usually get cleaner offers and fewer surprises in due diligence.
Here we cover the questions owners and listing brokers bring to us most: how cap rates and NOI turn into a price, when an off-market sale makes sense, how seller financing and 1031 timing can work, and how to handle tenants, deferred maintenance or an inherited property during a sale.
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