This two-building, 19-unit, multi-family property on Kelly Road in Eastpointe sold for $2,000 more per unit than the appraisals of comparable properties in the area only a year ago. And we have a list of more than 100 other buyers who are still searching for a property just like this. 
It’s a seller’s market. Interest rates remain at an all-time low and banks are lending on multi-family properties. But most experts agree that these rates will not stay low much longer. As the economy continues to rebound and the housing market continues to flourish, the vacancy rates for multi-family properties are certain to rise. Increased interest rates and higher vacancy rates equal one thing – lower values.
If you’ve been on the fence about selling your multi-family property, now is the time to take advantage of the current market conditions. If you stay on the fence, you’re apt to miss the surge in activity—and profits—sellers are enjoying. Call Dave Tesch today to learn more about this deal or how he can help you cash in on the current market.
