6 Multi-Family Home

Description:

Please email Joseph@jwf-capital.com

The scenario involves six family homes in Hamden, Connecticut, that require approximately $200,000 in renovations. The seller is willing to give 10% discount from market rates. The seller is opting to liquidate these properties due to health reasons. This situation typically indicates that the seller needs to quickly divest these assets, potentially under less than ideal market conditions, to avoid the physical and financial strain of managing property renovations and upkeep. The health-driven urgency to sell might also suggest that the properties are being offered at a price that could be advantageous for buyers looking for renovation projects, as the seller may prioritize a swift transaction over maximizing sale prices. This can present an opportunity for investors or buyers willing to invest in significant renovations to potentially acquire properties at a lower cost and increase their value through improvements.