Sell a duplex or small multi-unit as it sits.
Two furnaces, two water heaters, one roof, and rents that have not kept up with any of it. Small multifamily is where deferred maintenance hides best.
Send the rent roll and the leases. That plus a walkthrough is enough for a number, and messy books do not disqualify the building.
Occupied units are fine, including tenants a decade in at below market rent. If the building is actually performing and you would net more listing it to another investor, we will tell you.
Duplex or multi-unit
- Duplex, triplex and fourplex, occupied or vacant
- Deferred maintenance priced up front, not used against you later
- Messy books are normal
- Closing set around your leases, not around us
No obligation, and no is a fine answer. Rather talk it through? Call (605) 496-3281.
About this situation
Questions we get on these.
Do you keep the tenants?
Existing leases come with the building. Nobody is handed a notice at closing because of the sale.
What do you need to make an offer?
Address, rent roll, leases if you have them, and a walkthrough. Utility bills and recent mechanical work help.
Do you buy anything larger than a fourplex?
Sometimes. Send it over. If it is outside what we take down, we will say so quickly.