Commercial real estate listings??

[dschwalm]

Hi all,

I am looking for a small apartment building - 16 to 20 units.  Does anyone know where I might find listings for such property?  Or do I need to work directly with a commercial real estate broker?  Unfortunately, the MLS at realtor.com just goes up to 4 unit properties.

Thanks,

David Schwalm

[rmoran]

not sure i can answer your question, but...

i know of some 4-plex's, they are not listed but here's the details.
they are all 2/2's rental income is 3k/month/building.
asking price is 225k, this may me neg. if multiple offers are made.
there are 5 of them, i believe all on the same street.
there have been 3 similar properties sold in the last year
if i rember right they sold at....190, 202, 225, i will verify this.

if u would like more details please contact me.

i will do some checking around on answers to your question as well.

rich moran

407-3316
richmoran@firstplacerealty.com

[rmoran]

#1: 11 units, all 2/1's, rents for 525/unit, asking price 475k

#2: 14 units, 7 1/1'1 rent for 525, 7 2/1's rent for 625/unit, asking 625k

#3: 6 units, have to check some more on unit sizes, income is 51600/yr
asking 430k

i'll keep u posted.

thx
rich
407-3316
richmoran@firstplacerealty.com