Tips on selling a tenanted 4-plex

[Neal Collins]

We had to make a tough decision to sell a 4-plex in a nice, close-in neighborhood in Portland that we had anticipated holding on to. Other opportunities have come up and some cash on hand is needed. We completely changed the building around since we took ownership and have put four great long term tenants in there. One of the things I wish I would have done was leave a unit vacant to model had I known we were going to be selling it. It seems like there is a lot of demand for a live-in multifamily house hack and maybe we completely missed the boat on that. Has anyone else experienced this when selling a small MF?