As a child who grew up with an auctioneer for a father, I am quiet familiar with the reaction from the crowd when a highly desired item is announced to the  crowd.  They tighten towards the item for sale,  asking questions in rapid fire, there’s always one or two who can’t contain their enthusiasm and quickly bid in hopes this with thwart others.  Listing this Boise-Elliot duplex was a flash back in time.   Buyers swarmed, most of who are investor ready to take advantage of the low mortgage interest rates and the high rental rates.  The current inventory is extremely low for quality investment plexes in desirable neighborhoods.  I’ve heard rumor of other plexes that hit the market the same week having gone 50-75k OVER asking price!  These stories bring back imagines of auctions and eager buyers fighting for that final bid.

After just three short days on the market, I sat down with a very happy seller to present not one but four offers all over asking price!  I helped her dissect the offers one by one to fully understand the terms that make each offer slightly different although all offers were quite good, there could only be one winning bid.   If only I had three more of these duplexes to sell…So if you’re a seller and you’ve been thinking maybe it might be time to sell your multifamily plex property, give me a call, I would be excited to do my best and recreate the events of the past week.  There really are some childhood flashbacks worth reliving.

List Price: $299,900 *** built in 1906 *** $1235 annual taxes*** 2 Units both 1 bedroom and 1 bathroom, approximately 730 sq ft. renting at $900 and $975/month.

Updates include: new sewer, new commercial grade hot water heater, newer furnaces, updated bathrooms and kitchens, insulation blown in between ceiling of lower unit and floor of upper, and gas clothing dryer.

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