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Updated over 6 years ago on .

Emily Edgar's profile image
Emily Edgar's profile image
Emily Edgar
  • from Springfield, MO
  • Member since Jul 7, 2018
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8
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1
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Emily Edgar's profile image
Emily Edgar's profile image
Emily Edgar
  • from Springfield, MO
  • Member since Jul 7, 2018
Connect
Emily Edgar
  • Springfield, MO
1
Votes |
8
Posts
Multi-Family and Apartment Investing

Industry Averages for Sale Price - Commercial MultiFam

Emily Edgar
  • Springfield, MO
Posted
I'm looking into a 11-play commercial property. Agent who is selling property says the industry average is running at 98-99% of the list to sale price for multifamily properties. Is this correct? Property is old, 1907-ish, not rehabbed at all only minimal repairs done. Cash flows are borderline at asking price so I was hoping to negotiate a bit on price but he seems to think it's not possible. Any insight would be helpful! Thank you!!
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