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Updated about 8 years ago,
Where to find multiplex/small apartments for sale
Hey all! I've purchased my first 4 properties in the past 2 years, and I want to start looking down the road at further investments once my capital builds up some more or I find some partners to invest with. With that in mind, I feel like multiplex/small apartments (4-12 units) seem like a good way to go, as they are still manageable by myself on the lower end (I think I would call in professional management at the higher end of 10-12 units) and benefit from reduced/simplified maintenance and capital exp. per unit (although with obvious tradeoffs).
So, I am curious, where do people tend to find such properties? I have seen at the most a triplex through my realtor's listings, and a broker I talked to said that their company doesn't really see many properties that I'm looking for (although they specialize in SFHs). Does anyone have tips on how people go about getting this kind of property? Are they simply built more often than sold/purchased? Thanks for the info!