SVN Wilson is considered an industry leader in multifamily transactions. With over $1 Billion in sales volume, we have experience with every major market and secondary/tertiary market in Ohio. Nationally, SVN Advisors sold over $6 Billion in multifamily transactions in the past year alone. Whether a large or small apartment complex or a portfolio of buildings, we are your go-to resource for everything multifamily.
What is multi-family property sales?
The difference between residential and commercial properties can be subtle. The number of units in a building, as well as what they’re used for is often key to determining if it’s considered “commercial” or not. Multifamily real estate means that there are multiple floors with apartments on each level; while single-family homes might only have one floor (or less).
When it comes to real estate investing, there are a lot of factors to consider. Location, socio-economics, and many others all play a role in determining just how beneficial the investment is. However, depending on your investment strategy, the foremost consideration should be the size of the unit.
Multi-family property sales can offer a number of advantages to buyers and sellers. For buyers, it can be an efficient way to build a portfolio of properties. For sellers, it can be an effective way to divest a large portfolio of properties.
The advantages and disadvantages of multi-family properties
Multi-family units tend to be a more profitable investment than single-family homes, for a variety of reasons:
- Begin to appreciate at a higher rate than single-family homes.
- Generate more rental income than single-family homes.
- Maintain lower vacancy rates than single-family homes.
However, each type of multifamily property comes with its own set of advantages and disadvantages. Commercial multifamily properties often have higher investment and management costs, which can make it difficult for a single investor to take full advantage of this asset class. However, commercial multifamily properties also offer the potential for greater economies of scale, making it possible to build a large portfolio with fewer transactions.
Residential multifamily properties are generally easier to acquire than commercial properties, but there are fewer economies of scale and building a large portfolio will take more transactions. However, residential multifamily properties offer the potential for more stable and predictable income streams, making them an attractive option for investors seeking long-term cash flow.
What to expect when acquiring a multi-family property
Multi-family properties require more maintenance than single-family homes. This is because there are typically more units in a multi-family property, which means more wear and tear on the property. As a result, you should expect to budget for regular repairs and upkeep.
It’s important to be aware that if you’re thinking of acquiring a multi-family property it tends to be more expensive than single-family homes. This is because they offer more square footage and often come with additional features like multiple kitchens and shared common areas.
Multi-family properties require more maintenance than single-family homes. This is because there are typically more units in a multi-family property, which means more wear and tear on the property. As a result, you should expect to budget for regular repairs and upkeep.
Conclusion
Now is an excellent time for your next property sale with the assistance of SVN Wilson. Our expertise can guide you to sell or even purchase multifamily properties locally within the Columbus Region, Ohio Markets, or Nationally. Reach out today.