Tag
tacoma
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Selling your rent-controlled building in Washington
In Washington, rent-stabilized buildings sell at a discount because buyers underwrite to actual rents, not market rents. A $200 per door shortfall on a 16-unit building can reduce your offer by roughly $590,000 at a 6.5% cap rate.
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Cash close timeline: 30 to 60 days
A multifamily cash close in Washington takes 30 to 60 days. Title, inspections, estoppels, and lender sign-off drive the timeline. Clean title and a responsive seller can reach 30 days. Most closes land at 45 to 55 days.