Updated over 7 years ago on . Most recent reply
4 plex analyzing ARV
I've got a 4 plex that I'm trying to figure out the ARV for. I think this project would be perfect for the BRRRR strategy. I'm having trouble finding other comps. There were two 4 plexes sold. One in 2015 and one in 2016, but the market has gotten really hot right now and prices aren't what they used to be. Can I use single family houses and try to do a price per square foot or what is the best approach? Should I use the value of the 4 plexes sold in 2015 and 2016 and add appreciation for the area? How would an appraiser evaluate this property? Any help would be appreciated!