I am ready to sell my portfolio of MTR multi unit properties but I don’t see anywhere that focuses on this market segment.
I see vacant multi unit listings on COSTAR, CREXI and Realtor.com but I don't see anywhere that I can get exposure directly to investors who are looking for fully furnished, stable, cash flowing MTR properties.
Real Estate Agent · Denver · Member since 2020 · 364 posts · 151 votes
7mo
Hey John, the MLS - multiple listing service - is probably still the best way to sell your property, and someone who has a buyers list of investors. We work with investors at the FI team and could reach out to our contacts about the properties.
MLS seems very weak on highlighting furnished cash flowing multi units. All I see is a bunch of low monthly rent vacant properties with low CAP rates. Mine shines above them but I don't see that the MLS really understands the difference…same with commercial sites like COSTAR and CREXI. I am surprised there is not an STR specific platform for buying and selling turn key MTR and STR properties.
Property Manager · Los Angeles, CA · Member since 2022 · 590 posts · 463 votes
6mo
Hey John, so are you essentially selling a multi-family property with furniture included? Or is there something else extra, like existing long-term leases? If it's the former, then it would be very similar to selling an unfurnished multi-family property.