Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
3 -3 flats right next door- commercial?
I am looking at a deal that consists of 3- 3 unit buildings right next door and sold by the same owner. He is advertising and selling them separate from one another. I am looking to purchase it all as a package though. It has a lot of upside, as rents are well below market. Once stabilized the cap rate and cash on cash returns go up significantly. Although these are 3 residential buildings ( 9 units total) right next door to one another, can I use
the forced appreciation method and sell on the future numbers or am I still in the mercy of the sales comps when selling? Thanks for your help in advance all!
Ryan