Selling 4 unit cash flow for too little?

[Johnoson Crutchfield]

Ok here’s a question.

I own a four unit building bringing in 2700/ month.

My expenses including vacancy/ maintenance are 1700/monthly, so it cash flows $1000 a month.

I’ve got a guy offering to by the property for 145k, and verbally I’ve already accepted. I’d only net 25k from the sell because of the financing I have on the property. I don’t really see another property where 25k makes $1000/month, and there are other reasons I want to get rid of this building. But my goal is more cash flow and this property is a good cash flow property for me. What should I do?

[Anthony Greco]

@Johnoson Crutchfield

Well I will just say it since I did not see it mentioned. It seems you would be planning to do a 1031 exchange into a new property correct? If not I would recommend looking into this before making the sale.