Do you prefer vacant or occupied multifamily in Portland now?
We're selling several residential multifamily properties in Portland from our portfolio and for clients. We've strategically decided to sell when a unit has come up vacant so that potential buyers can walk through. I've had a couple interested buyers say that the value of the building is less since one of the units is vacant.
Usually you can brush one off, several buyers suggest a trend. Am I missing something here?? Mind you these are 4 units and less.
Having vacant units in Portland is worth their weight in gold. You choose your tenants, not the ones your seller chose.