Peponi Properties – Need To Sell Fast? SELL As-Is, In Cash.

Have a Question? Call Us 919-299-0000

Need to Sell Your Apartment Building Fast

we close quickly 30, 60, 90 Days (All cash)

NO FEES- NO REPAIRS- NO CLOSING COSTS
MORE MONEY IN YOUR POCKETS

WE ARE CURRENTLY BUYING Apartment Building IN YOUR AREA!

Just Follow These 3 Easy Steps To Get The Process Started

Fill in The Form and wait for a call

We’ll ask you a few questions about your house and work to gain a clear understanding of your needs.

Get Up To 3 Offers

We’ll contact you with up to 3 offers within 24 to 72 hours, then you can choose to Accept the offer. Decline the offer

Pick Your Closing Date

Once you accept the offer it’s time to pick a closing date that works for you. We’ll then arrange a home evaluation and prepare your payment!

Looking to sell your apartment building?

Gotcha. Selling an apartment building requires more legwork than a standard single-family house. You can’t hop on Zillow and get a Zestimate for an apartment. Apartment buildings vary widely. There can be any number of units, with unique bedroom/bathroom combinations. This all impacts how much you can sell for.

Here’s a few tips to get the most out of your apartment building sale!

Want a fair cash offer for your apartment building? Give us a call 919-299-0000 for quick cash offer. We buy rentals in any condition or situation.

Find A Buyer!

Rather than letting your apartment building collect dust on the open market . . . be proactice. Search for a buyer!

Apartment building buyers are different than for a regular house. The common house buyer is an owner occupant intending to move in. Owner occupants are concerned with neighborhood, curb appeal, and family needs. They are driven by emotion, and rely on traditional mortgage financing.

Owner occupants are not the ideal buyer for an apartment building. Traditional mortgage finance is not available for commercial property. Real estate investors are better suited to assess an apartment’s real value. As opposed to emotion, investors focus on due diligence and profitability. The primary criteria in purchasing an apartment is the Capitalization Rate (“cap rate”).

Charge Market Rents.

Are your tenants paying below market rent? This is a common problem for landlords trying to sell their apartment. Investors make offers based on rental income: more rental income means higher sale price. If you want the highest offers possible, lease the units at the market rents.

“But how much can I charge for my rentals”? Glad you asked. Fair maket rent is based on several different factors.

Location: Geography dramatically impacts market rent. Rental units in a desirable neighborhood or near the best school district garner high rents. On the other hand, rentals in a high crime or run down neighborhood rent for less.
Size: Market rent increases with square footage.
Bedroom/Bathrooms: An additional bedroom or bathroom increases rent.
Amenities: Great views, outdoor space, central air, new renovations, gym, pool, parking, in-unit washer and dryer, pets, furnishings, balcony, cable ready, high speed internet, gated access, public transporation. Tenants pay more for desirable amenities.
Supply & Demand: Glut of rental listing? You need to lower the rent to attract tenants. If demand is hot with limited inventory, charge more.

Make The Units Tenant Ready!

“Turn-key” rental property sells for more than rental units in need of renovation. According to Investopedia, a “turnkey property” is:

A fully renovated home or apartment building that an investor can purchase and immediately rent out. Turnkey properties are typically purchased from companies that specialize in the restoration of older properties. Those same firms may also offer property management services to buyers, minimizing the amount of time and effort they have to put into the rental.

Common apartment repairs include broken appliances, leaking ceiling, leak under sink, dripping faucets, hot water heater, bugs/rodents, garbage disposals, clogged toilets, broken HVAC.

Some real estate investors will make repairs on their own, others simply want to buy rent ready property. Rent ready is attractive to individuals that want to invest in the real estate market, but don’t have the time, interest, or resources to renovate a home or handle maintenance.

Need To Sell An Apartment Building?

We Buy Multi-Unit Rental Properties. Fair cash offers. Just enter your address below for your cash offer!

Time the Market.

Certain times are better than others to sell an apartment building. Look at available inventory. Are rentals flying off the shelf as fast as they are listed? Rental demand is high. It’s a good time to lure in potential buyers. If rentals aren’t leasing up quick, demand is lower and you may have to accept a lower offer to sell.

Another consideration is seasonal rental data. Depending on the market, rental listing will be on the market only for a short period of time. For example, rentals in tropical climates may lease up faster in the summer than cold seasons.

Understand Your Sales Goals.

Every apartment building owner and apartment building sale is unique. You may be willing to wait months (even years!) to get the price you want. On the other hand, you may be fed up with your tenants and are ready to sell ASAP. If you are looking to sell sooner rather than later, setting price below “market” ensures a quick sale. Sales re accomplished faster selling “as-is” verses making repairs on your own.