1031 exchanging New Britain 2 families into a larger complex

[Karen F.]

We finally found a larger complex (albeit in another city) to potentially 1031 exchange our New Britain three 2 family buildings into.  We have potentially 3 two family houses, one with 2 bedroom units, two with 3 bedroom units, that we're looking to sell in order to 1031 exchange.  All are in okay areas, up and running, fully rented at market rate, good stable tenants, off street parking, tenants pay all utilities separated out, all the kinks worked out.  We've owned them all for about 4 years I think.  Only selling because we want to exchange into one bigger complex for convenience.