50 Unit Prop & Obtaining Comps

[Adam Kasix]

Hi everyone First, thanks for your time in advance. I have found a 50 unit complex that I will be running he numbers on. I need to find accurate comps. I've read J. Scott's, "Estimating ARV: The investor's guide to comp analysis". It's obviously excellent; however, it doesn't touch on commercial multifamily. Any tips, suggestions and considerations you can offer would be a huge help as I assess this prop's value against appropriate comps. Thanks again! Adam

[Jeff Greenberg]

@Abel Sng a PM is a good source. Remember though the value is based on the NOI and the Cap rate. The comps can only get you in the ballpark. If you have a high maintenance property with a poor quality of tenants, and high vacancy, the comps are not going to tell you much about the real value.