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Multi-Family and Apartment Investing

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Henry King
  • Cleveland, OH
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Sale of condominium building?

Henry King
  • Cleveland, OH
Posted Jul 12 2016, 12:34

I would like to know if it's possible to purchase ownership of a condominium building? I received some information on a 137 unit condominium building that is in need of capital repairs.  Apparently the board of directors is contemplating selling ownership because they are unable to get the work done.  I didn't think this was possible considering each unit is individually owned.  I would greatly appreciate any insight that can be provided. 

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