Purchase Contract States 481k is Real Property 160k is personal.

[Ken Quella]

Hello. 

Just curious if some of the more savvy investors in here have ever written a contract based on the above principal. The buyers were looking to keep taxes down by buying my sellers 11 Unit for 640k but only a percentage of the building would have been "real property" and the rest would be considered personal property. Also they wanted to buy their LLC as well.

Is this something a person can do on smaller investment properties as well?  

Thanks!