Buying
BUYING
APARTMENT
BUILDINGS
PRS Properties provides full representation for purchasers seeking to make multifamily real estate investments. Additionally, PRS represents apartments in the marketing of their properties.
PRS Properties has a strong knowledge of current market rates, competitive conditions, and other key factors crucial to favorable negotiations. PRS focuses on providing clients with access to small apartment buildings that achieve or surpass their investment needs, while leveraging market knowledge to obtain the most competitive pricing.
Market analysis includes considerations of…
Cost
In most cases, the best locations have the highest prices. You will likely have to decide between saving money versus being in the best location possible.
Large Employers
Being close to a large employer such as a university or manufacturing company might be important to potential tenants.
Demographics
Where are the most desirable areas for apartment buildings? A demographics report will show the locations of affluent neighborhoods and the population count in that area. Being close to a profitable market will raise a property’s value.
Competition
What are nearby apartments offering in terms of amenities, rental rates, floorplans, and “sign up” specials?
Proximity to Transit
Proximity to a mass transit line or station can be a great indicator of value.
Compare Rates
What prices are small multifamily buildings selling at today? Understanding market conditions will help negotiation strategies.
4 Tips to Selling your
Apartment Building
Sell your apartment building with our top four tips on establishing a pricing strategy, understanding investors, marketing your property, and how to find the right commercial real estate agent for you.
- Establish a pricing strategy
- Understand investors’ points of interest
- Marketing your property
- Much more!
