How does a price of multifamily increase in value?

[Jason Nguyen]

Hello everyone,

I recently bought a fourplex in Atlanta, GA for $500k with 25% down conventional loan, and the previous owner rented it out at a price way under market value. I then spent nearly 30k to fix up all 4 units and did a turnover on all of them. I found new tenants and raised the rental price up to the fair market value and all units all now occupied. Currently, I cash flow at $700 per door or $2800 for all 4 units. If I want to sell this fourplex to another investor, how much do you think is fair? I understand that multifamily goes up when rental price increase but how exactly does it work in this case?

Thanks!