Last updated: January 2026
We Buy Multifamily Properties in Florida
Tired landlord? Problem tenants? Deferred maintenance? We buy duplexes, triplexes, fourplexes, and apartment buildings as-is for cash. No repairs. No evictions needed. We take over the tenants. Close in 14-30 days.
Why Florida Landlords Sell Multifamily Properties to Us
Being a landlord in Florida has become increasingly challenging. Between rising insurance costs (often tripling since 2020), Florida's evolving tenant laws, the difficulty finding reliable property management, and the wear and tear of dealing with tenant issues, many landlords have had enough.
Selling a multifamily property through traditional channels is complicated. You need to provide income documentation, deal with tenant showing issues, and find buyers who can navigate commercial or portfolio financing. Properties with deferred maintenance, vacancy, or problem tenants are even harder to sell.
The Florida Insurance Crisis Hits Landlords Hard
Florida property insurance has increased 300-400% for many landlords since 2020. Deductibles have grown from 2% to 5-10% of property value. Some carriers have left Florida entirely. For landlords on thin margins, these costs make continued ownership unsustainable.
Common Reasons Landlords Sell to Us
Tired of Being a Landlord
After years of tenant calls, maintenance, evictions, and stress, many landlords simply want out. We offer a clean exit with cash in hand.
Problem Tenants
Non-paying tenants, tenants in eviction, or tenants causing property damage? We buy with tenants in place and assume responsibility at closing.
Deferred Maintenance
Years of minimal repairs have accumulated. Roofs, HVAC, plumbing, or electrical need major work. We buy as-is without repair contingencies.
Code Violations
Open violations, fines accumulating, or habitability issues? We purchase properties with code problems and handle resolution after closing.
Insurance/Tax Increases
Operating costs have exploded while rents haven't kept pace. The property no longer cash flows. Time to exit before it gets worse.
Estate/Inheritance
Inherited a rental property you don't want to manage? We buy inherited multifamily properties, even with heir issues or during probate.
Types of Multifamily We Buy
We purchase 2-20 unit properties throughout Florida:
Duplexes
Side-by-side, up-down, two-unit properties
Triplexes
Three-unit buildings, any configuration
Fourplexes
Quadplexes, four-unit properties
Small Apartments
5-20 unit apartment buildings
Mixed-Use
Retail/commercial with apartments above
Rooming Houses
SRO, boarding houses, room rentals
Conditions We Accept
- Fully Occupied: We buy with tenants in place and assume all leases
- Partially Vacant: Empty units don't affect our ability to purchase
- 100% Vacant: We buy empty buildings too
- Non-Paying Tenants: We take over evictions and collection
- Major Repairs Needed: Roof, foundation, systems—all OK
- Code Violations: Open violations and fines, we handle post-closing
- Fire/Water Damage: We buy damaged properties
- Hoarder Units: We handle extreme cleanup situations
How We Value Multifamily Properties
Multifamily valuation differs from single-family homes. We use multiple approaches to determine fair value:
Income Approach (NOI & Cap Rate)
We calculate Net Operating Income (gross rent - operating expenses) and apply a capitalization rate appropriate for the location and property type. For example, a property generating $50,000 NOI at an 8% cap rate = $625,000 value.
Comparable Sales
We analyze recent sales of similar multifamily properties in the area, looking at price per unit, price per square foot, and gross rent multipliers (GRM).
Condition Assessment
We estimate capital expenditures needed—roof, HVAC, plumbing, electrical, units, common areas—and factor these into our offer.
Rent Analysis
We compare current rents to market rents. Below-market leases may indicate upside; above-market rents may suggest vacancy risk.
| Selling Method | Timeline | Tenant Issues? | Repairs Needed? |
|---|---|---|---|
| Commercial Broker | 6-12 months | Must be resolved | Often required |
| MLS Listing | 3-9 months | Scares buyers | Expected |
| FL Home Buyers (Cash) | 14-30 days | We assume them | As-is OK |
Florida Landlord Law: What You Need to Know
Florida landlord-tenant law (Chapter 83, Florida Statutes) governs multifamily operations. Key considerations when selling:
Tenant Notice Requirements
Florida law doesn't require landlords to notify tenants when selling a property. However, the new owner assumes existing leases. We honor all valid leases and security deposits transfer at closing.
Eviction Timeline
Florida evictions typically take 2-6 weeks for non-payment cases, longer for lease violation or holdover situations. If you have tenants in eviction, you don't need to wait—we can purchase with active eviction cases and take over the proceedings.
Security Deposit Transfer
Under Florida law (§83.49), when a rental property is sold, security deposits must be transferred to the new owner or returned to tenants. This is handled at closing—you're protected from any future security deposit liability.
We Handle the Tenant Transition
Many landlords dread telling tenants about a sale. We handle all tenant communications after closing. We introduce ourselves, explain how to pay rent, and establish our management relationship. You simply hand over the keys and security deposit info.
Our Multifamily Buying Process
Submit Property Info
Tell us about the property—units, rents, condition, tenant situation. If you have a rent roll and expenses, even better (but not required).
Property Analysis
We research comparable sales, analyze income potential, and may do a brief property walk-through. This takes 3-7 business days.
Cash Offer
You receive a written cash offer with our valuation methodology. No obligation—take time to consider and we'll answer any questions.
Close & Exit
We close with a local title company, assume all tenant leases and deposits, and you walk away with cash. No more landlord responsibilities.
Real Example: Tired Landlord in West Palm Beach
A landlord in West Palm Beach owned a fourplex for 15 years. Two units had great tenants, but two had chronic non-payment issues. The building needed a new roof ($35,000+), and insurance had tripled. After the latest eviction, they'd had enough.
Traditional sale options would require evicting the problem tenants first (3+ months), fixing the roof, and then finding a buyer who could get financing—likely another 6+ months.
Result: We purchased the property as-is with all four tenants in place. The seller closed in 22 days and received $340,000 cash. We assumed the non-paying tenants, handled eviction, replaced the roof, and stabilized the property over the following months.
Frequently Asked Questions
Do you buy multifamily properties with tenants?
Yes. We purchase multifamily properties with existing tenants—good, bad, or non-paying. We assume responsibility for tenant management at closing. This is often the primary reason landlords choose to sell to us rather than list traditionally.
What size multifamily do you buy?
We buy 2-20 unit properties—duplexes, triplexes, fourplexes, and small apartment buildings. Larger properties may be considered on a case-by-case basis depending on location and circumstances.
Do you buy multifamily with major repairs needed?
Yes. We buy multifamily properties in any condition—deferred maintenance, code violations, structural issues, roof problems, fire or water damage, and more. We're experienced investors who renovate properties; condition doesn't scare us.
How do you value multifamily properties?
We use the income approach (Net Operating Income and cap rates), comparable sales analysis, and condition assessment. We analyze current rents vs. market rents, operating expenses, vacancy history, and capital expenditure needs to determine fair market value.
Can you buy a multifamily with code violations?
Yes. Code violations are common in multifamily properties. We purchase properties with open violations, accumulated fines, and habitability issues. We factor the cost of resolution into our cash offer and handle compliance after closing.
What documents do I need to sell my multifamily?
Helpful documents include a rent roll (units, tenants, rents), lease copies, 12-month operating expenses, and any inspection reports. However, we can work with whatever you have—even if you don't have organized records.
Ready to Exit Your Multifamily Investment?
Get a no-obligation cash offer for your property. Any condition, any tenant situation. Close in as little as 14 days.
Get Your Cash Offer
Tell us about your multifamily property. We'll give you a fair cash offer within 48-72 hours.