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Updated over 5 years ago on . Most recent reply

Brad Hammond's profile image
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Brad Hammond
  • Real Estate Agent
  • from Portland, OR
  • Member since Jan 17, 2016
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Brad Hammond's profile image
Brad Hammond's profile image
Brad Hammond
  • Real Estate Agent
  • from Portland, OR
  • Member since Jan 17, 2016
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Brad Hammond
  • Real Estate Agent
  • Portland, OR
605
Votes |
1,012
Posts
Multi-Family and Apartment Investing

Why isn't my 5-plex selling?

Brad Hammond
  • Real Estate Agent
  • Portland, OR
Posted

I have a 5-plex that has been for sale since late May and I've gotten very little interest in it.  Am I being too optimistic that it would sell in a couple of months or is there something I'm not seeing?  The cap rate is average for the area (5.5%).   Any and all points of view would be appreciated. 

  • Brad Hammond
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Philip Williams's profile image
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Philip Williams
  • Rental Property Investor
  • from Rockford, IL
  • Member since Jun 10, 2014
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Philip Williams's profile image
Philip Williams's profile image
Philip Williams
  • Rental Property Investor
  • from Rockford, IL
  • Member since Jun 10, 2014
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
Replied

I have also never understood why brokers put below market rents like it is a positive. If the rents could be easily raised with no improvements why haven't they?

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