Updated about 9 years ago on . Most recent reply
Should we sell "as is" or add on and upgrade our apartments?
Hi all! My team currently owns fifteen apartment units, ranging from studios to two bedrooms. We are currently only charging $650/month for rent for the studios and a little more for the one and two bedrooms. We are contemplating whether we should sell all of them right now, "as is," sell only a block of units or add on about 10-12k sq ft, which would include a gym, possibly a clubhouse and about 15 more units; thus increasing the value and then selling... What are your thoughts? Thanks in advance!