General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Can a seller split up multiple buildings on a single parcel?
I am looking to purchase my second owner occupy multi family property and have a question I havnt seen asked or addressed before. A seller recently just posted a property for sale in my area that consists of a 4 plex and a 3 plex on the same parcel. Based on the rents and asking price it is a very reasonable deal. My question is, how much work or is it even possible, for the owner to split the buildings up and sell them individually instead of a single 7 unit parcel? The building would be open to so many more buyers as our market is full of people looking to invest in smaller multi families who can't quite swing the commercial financing yet... such as myself. The property has been on the market for a bit, for your reference. I understand it would be more convenient for the seller... if you have commercial property in this style or situation, is it something you would consider in order to make the sale quicker?
Thank you!