Yes, multi-family has been a high-value opportunity for the past two years. That doesn’t mean any broker could maximize the opportunity.
Since 2016, Adam Reid of the Thomas Duke Company has tended a relationship with the owners of the Columbus Apartments in Wayne, Michigan. He’s updated them with comparable sales, market conditions, market rents, and other information multi-family owners value—all of it information to help gauge the optimal sales moment. When the Columbus Apartments’ ownership decided—based on Adam’s information—that moment had arrived, they didn’t consider calling anyone else.
Adam and co-broker Eric Szerlag carefully prepared a marketing strategy for the 22-unit, 3-building complex based on their extensive experience in the area’s multi-family market. Within 24 hours of listing the complex, they had numerous full-priced offers. The owners chose the offer with the best terms, and Adam and Eric ensured that the deal closed smoothly. Though the owners expected a successful outcome, they were delighted with how successful the sale was.
Interest rates are going up and they’re going to affect property values. While we’re still confident in today’s market, now may be your moment to act. Call Adam or Eric today to discuss a market-savvy strategy for your commercial property.
