should I sell my multi use building?

[Joseph Quarto]

Hi all,

Just found this great site. Wish i had found it years ago.  I have a MU 5 unit building that is receiving an unsolicited interest. So thinking i might sell if it's "an offer i can't refuse"   i am going to meet them In next week or so.

Some facts;

Owned for13+ years we are retired in our 60's

bought for $323000

Positive CF almost from day one, (now about $3,000+ a month) existing mortgage balance only $68,000 ($900 a month).  3 Retail tenants pay nnn, studio rental about $695. We live in the 2 bedroom unit part-time.  I know value is a 1 - low 7 figures. Very Minimal maintenance concerns, but getting tired of Seattle BS & traffic.

So then what do i do; tax wise, how best determine my value, should i carry note for monthly income?? Or just keep it?

Many questions raised since this inquiry.

Any ideas, positive comments greatly appreciated.

JQ