The Challenge
The owner of 3500 Liberty Heights Ave. faced a personal financial need and was looking to sell his 14-unit property. He had invested considerable time and money into renovating the asset from the ground up. However, with the current market seeing many deals sitting on the market, the owner was unsure how to maximize his property's value and get the return he needed.
The Action
Yaakov from Midfield Realty recognized immediately that the key to success was to bring the property to market with a sense of urgency while highlighting the true value of the newly renovated units on Liberty Heights Ave. He understood the importance of attracting buyers who could see the asset’s full potential. Yaakov partnered with his friend Matt Cooper to ensure the deal was executed effectively, targeting the right buyers who were ready to move quickly and see the value of the property.
Result
Yaakov’s proactive approach paid off. The property generated significant interest, with over 11 groups attending the only showing. Six of these groups made offers on the spot, leading to a highly competitive bidding process. The property ultimately sold for $123K per unit, with no contingencies. Thanks to Yaakov’s targeted outreach and strategic buyer pool, the owner was able to secure the deal he needed, achieving a quick sale with terms that met his personal needs.
“The process with Midfield Realty was seamless. Yaakov’s strategy brought in the right buyers who understood the value of my property, and he was able to close the deal with no contingencies at a price that worked for me. I’m grateful for the effort and expertise Yaakov and Matt brought to the table. This sale gave me exactly what I needed.”
For all your multifamily real estate needs, reach out to Midfield Realty. We’re here to help you navigate any market conditions and ensure your property goals are achieved.