Partner Buyout in a triplex

[Yaniv Yarkony]

Hello!

I currently own a triplex that me an another partner bought in 2021 for 430,000.

My partner wants to sell and I don't.

Comps support an approx 750k value however no triplex in the area is renovated nicely like ours and the partner thinks that if we sell we can get 850k.

Rents are about $7200 between the three units m2m renting out for a few months.

If we get an appraiser out there with all that's going on in that industry you never know what number he might come back with so that's a no go.

I ran calculations and offered a 100K cash offer to buy them out and they won't have to care for the capital gains or tax implications or time that it will take for selling and closing costs and fees. Is that a fair offer considering the fact that if we sell with the approx equity mentioned they wouldn't be far off of there? Has anyone been through this before and if so how do we handle it?