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I own a 42 unit apartment complex I want to sell. Should i list it as a business or real estate for sale?

I own a 42 unit apartment. I am putting it on the market for sale. It generates 21K per month in gross income. Should I list it a a business for sale or income producing real estate.

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Answers (6)
Michael Hamlar
Hamlar Enterprises, LLC
Roanoke City County, VA

Frank,

I agree with Dale, list the business as both. If you could list with a business broker and list with a commercial real estate company. Make them work out the commissions and only pay one commission. Do not pay over 10% and you may be able to negotiable the percentage. Depending on the sale price you should be able to negotiate between 6 and 8 % if it is millions. Good luck

Regards,

Michael Lawrence Hamlar
President & CEO

Hamlar Enterprises, LLC
Hamlar Business Broker
P.O. Box 3336
Roanoke, VA 24015
Phone & Fax 1.800.682.1950
Email: mike@hamlarenterprises.com
Skype: MHamlar

Jul 12, 2010
Dale Pearson
Texas Business Trader
Bexar County, TX

Frank, list this with BOTH! List with a commercial broker as exclusive agency (which means you have right to sell it yourself with no obligation to pay a commission if you do sell it yourself) or as an Open Listing (available to all brokers who bring you an offer, if you accept one, you will owe a commission). Now, most commercial brokers do not like this type arrangement, but trust me, there are many out there and you will find a commercial broker to list for you!

Jul 12, 2010
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is this sold already? i can get you a buyer. please contact me at jessaliyah@yahoo.com

Jul 11, 2010
Ron Chromey
KW Commercial Keller Williams Hudson Val
Rockland County, NY
Premium Broker

If it's real property (with a deed, etc) then it should be listed as real estate for sale. I am a Commercial Real Estate Broker. have buyers looking for investment property. If you would like me to give a pricing opinion and a marketing strategy to get it sold, please contact me.

Ron Chromey
Associate Broker
KW Commercial
Direct: 845 786 5780
Ron@RonChromey.com

Jun 23, 2010
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Blackstone
Business owner/Entrepreneur
Dallas County, TX

Income producing real estate..on loopnet.com
good luck..

Jun 22, 2010
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

You can surely get a lot of better opinions but why don't you list it as both. The cost of putting an ad in this site isn't prohibitive and you might attract different people with each ad.
Good luck, Jon at Edgemaster Mobile Sharpening

Jun 22, 2010

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