Multi-family Full Price Cash Offer | As-Is | 4.8% Cap Rate
A group of investors we recently teamed up with were hesitant to sell a multi-family unit in their portfolio because the property had quite a lot of deferred maintenance, low rents, and a high level of vacancies. The sellers were also uncertain whether or not they would be able to sell the property for what they needed to walk away with.
We listed the property on the open market and delivered an $835,000 cash offer as-is within days! The sellers sold for under a 4.8% cap rate. On top of that we were able to maintain a good relationship with the tenants during the process and only showed the property with one open house.