Property Q&A in 90027>Question Details

Space, Both Buyer and Seller in 90027

Vacancy rate for 4 unit in prime area

Asked by Space, 90027 Wed Dec 28, 2011

I wanted to put in an offer on a four plex that is well placed close to metro and shops. It is a probate property so it is empty now. What should I use for vacancy rate? Local prop mgmt firm says w/in 30 days to re-rent. They are the largest prop mgmt firm in area and only had one 4-plex vacancy. What rate to use 25% or 4 months vacancy/(4units*12months)%?

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