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Updated over 3 years ago,

User Stats

33
Posts
5
Votes
John Conte
  • Real Estate Agent
  • New York City
5
Votes |
33
Posts

Am I Being Unrealistic?

John Conte
  • Real Estate Agent
  • New York City
Posted

I own a 5 unit mixed use building in the 44110, which I understand a lot of people are avoidant of but has been good to me, for the most part. Considering selling as I'm just in a different place in life, and the agent I'm talking to at the moment quoted me 175k (bought for 85) when the building was 80% occupied and would be generating a net 9% ROI at that number. I've just rented out the final unit, now the net ROI is around 12%, but the agent is still recommending the 175 number. I'm just curious how off base I am in thinking it should be around 200-225, based on the ROI, condition of the building, and multiyear leases in place for the whole building.

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