Average MF CAP & CoC Rates

[Dan Laseria]

Curious as to what cap rates and CoC returns most investors are coming across in today's market. I'm looking to invest in a MF property (4 units or less) in NC and have found that the best one can do (using MLS) in C-type properties is approximately 8% CAP and +/- 11% CoC return.

What are your thoughts?  Are these average returns and do you think the only way to find better returns is via wholesalers and/or off-market?

I've been searching MLS, Craigslist, Trulia, Realtor.com, etc for several weeks and these rates at the best I can find. Thinking about settling on one of the properties, but wanted to know if I should continue searching.

Thanks in advance,