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Updated over 2 years ago,

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6,413
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,679
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6,413
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80 unit commercial building, sell or keep

Bob Stevens
  • Real Estate Consultant
  • Cleveland
Posted

I just went to contract last week on an 80 unit (each unit has 3 -5 offices, used to be all doctors/dentist offices) in Euclid OH, rehab budget of 1 mill, should be a bit less. Net income about 450k on 750kish gross. I can flip the contract (to a cash buyer) for 1.8 mill so the buyer will be all in under 3 mill, ARV about 4 mill, or I can keep, not sure what to do.

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