School wants to buy my property! (Need Advice)

[Joshua R.]

How's it going everyone? I am hoping to get some advice on an offer that I was approached with. I own a two unit property on the south side of Milwaukee. It is right by the St. Augustine High school. I was recently approached by the school to purchase this property from me. Personally I was not looking to sell nor was the prospect of selling in the near team even on my radar. The school is looking to expand their campus and build more facilities. They have been buying a significant number of homes on the street and my property is next on their list. I was approached with multiple offers from the school starting at 88k and now at 100k. I originally purchased the building for 60k using conventional financing and put an additional 15k of work into the building. I have great tenants who pay on time, been there going on 3 years, and this is a strong cash-flowing building. The neighborhood is also improving leaps and bounds since I picked up the property. My question is would I be leaving money on the table considering or accepting their offer? While I like the idea of an all cash deal with a quick close. I don't have any reason to sell other than that, and I don't want to be selling for pennies on the dollar when the neighborhood has had strong appreciation YOY. Any advice is greatly appreciated!

Cheers,

Josh