What is happening in the multi-unit market that there are suddenly so many 4 plex units on the market???

Asked by Laineyisat, Flagstaff, AZ Sun Jul 15, 2012

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Gabriele Ger…, Agent, Flagstaff, AZ
Sun Jul 15, 2012
The 7 listings on Yale Street are all owned by the same LLC Company. The listings are listed as short sales, they are already under contract and are now ACR status (pending bank approval of short sale).
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Thank you... Rents are high in Flagstaff. I just don't understand why this LLC could not stay profitable and hold the property? There are numerous other multi-family units also. Was there a change in tax rates? Are the new NAU dorms running landlords out of town?
Flag Sun Jul 15, 2012
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