Commercial Agent Evaluation on 31-unit Apartment I have UC
Hey Folks,
I'm under contract and in DD on a 31-unit apartment complex in Elizabethtown, KY. We are shooting for a short-term hold (less that 18 months) and want a second opinion from someone who is an expert in this asset class and region. In exchange for the likelihood of listing the property, we would like an analysis done on what your would think the property will be valued at and who the buyer pool will be. We own around $15m we understand the asset but want to have our assumptions challenged by someone who spends their time in the listing/selling space.
Thank you,
Stryker
@Stryker Brown - Hello! There is an active REI group in the area who can help you connect with the folks you are looking for. @David Espinosa and @Andy Edge are excellent points of contact. Feel free to connect with us on Facebook - Central Kentucky REI Group.
Have you given consideration to getting an estimate on what the tax advantages will be if you do a cost segregation study on the property? It can help while doing the due diligence. Once you have this information, you may want to rethink your hold time on the property. For purchases made during 2022, the benefits are huge.
