WANT 30% ABOVE-MARKET FOR YOUR MULTI-FAMILY PROPERTY?

Asterra’s multi-family team will manage the pre-sale conversion of your Duplex, Triplex, Fourplex or Apartment building to a higher-value condo regime.

FIND OUT HOW

Summary Pro Forma

SINGLE LISTING

Knollwood Drive, 78731

Property Type: Duplex

Appraisal Value: $198 / SF

Listing Price: $620,000

Sale Price $605,000

 

CONDO REGIME

Knollwood Drive, 78731

Condo Conversion: $10,000

Construction Budget: $18,000

Appraisal Value: $262 / SF

Unit #1: $436,000

Unit #2: $386,000

Sale Price: $822,000

Additional Profit: $189,000 (+31.2%)

OUR PROCESS

Experts in successful condominium conversions

Asterra’s multi-family team offers a complete solution for condo conversion projects. Converting into a condo regime requires an understanding of the nuances involved. We ensure a smooth process that maximizes the final sale value of your property.

DOWNLOAD OUR CONVERSION GUIDE

ASSESSMENT

During our assessment phase, we take a careful look at the following aspects of your project:

  • Economic Viability
  • Legal Hurdles
  • Regulatory Challenges
  • Buyer Financing
  • Zoning Restrictions
  • Market Timing

PLANNING

Every project plan is different but the core elements of this phase include:

  • Lease Assessment
  • Tenant Communication
  • R.O.F.R.
  • Local Outreach
  • Merchandising
  • Sales Strategy

EXECUTION

The final phase in the process is moving the units without flooding the market. We’ll handle:

  • Marketing to Brokers
  • Unit Release Timeline
  • On-Going Analysis
  • Negotiations
  • Closing Conditions