Updated almost 2 years ago on .
Need help evaluating a large developmental opportunity
Hey everyone hope your enjoying your fourth of July! For some background my firm's bread and butter is acquiring single-family flips and small multi-family opportunities for investors. I was brought an 8 unit property in one of the nicer neighborhoods in Chattanooga, TN. I never really run an analysis on these type of deals and wanted to get some help before I started talking numbers. I believe the play is to either improve the existing building and raise rents or the zoning allows for apartment buildings and the lot is considerably big, so maybe build new. I have all the info regarding rent rolls, pictures, and general idea of the condition of the property. I guess my question is where do I even start?