Tennessee Condo Conversion?

[Daniel Martin]

Hey all - to start here is some context. 

I co-own a 17 Unit apartment complex about 40 min outside of Nashville. Some facts:

17 units total, all attached, Square feet: 952/unit, 16 units are 2 bedrooms, 1.5 bathrooms. 1 unit is 2 bedrooms, 1 bathroom, Every unit is a 2 story. Each unit rents between $800-$900

We've been thinking about going through a condo conversion as an exit strategy in this market. In the city we're in there are no $100k-$120k place for sale so, we're thinking about selling them to new home buyers or turn key landlords. 

Has anyone gone through a condo conversion for something like this? I'm trying to get an idea on the total cost. I'm hearing that it could cost upwards of $15k-$20k in just legal, HOA, bank fees. Thanks in advance for any help here!