Multi-Property Single Family Portfolio -Nashville, TN
Hello, I am a broker and wholesaler in Middle TN..I have an offer in on a group of residential properties. There are 4 single family properties and 3 duplexes in this group. I am new to wholesaling and very new to valuing a mixed residential portfolio and wanted to seek some help.
Each of the 10 doors is rented at or above market rent. Several long term tenants. Minimum lease term is 2 years. Three of the single family properties are going to require flood insurance. The properties are in good condition from the outside and the locations are decent.
Does anyone have advice on the best way to establish value on something like this? Monthly rents are $8320.