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Updated over 6 years ago on . Most recent reply

User Stats

34
Posts
9
Votes
George Gao
  • Investor
  • Katy, TX
9
Votes |
34
Posts

How to value a vacant 4plex?

George Gao
  • Investor
  • Katy, TX
Posted

Hi, there is an expired listing for a 4plex in North Houston asking $200k. It's vacant and needs about $80-$100k (according to seller) of rehab work. The units will each rent for about $800-$1000/unit. The building is 4,140sqft, built in 1995, consists of 4 2bd/1ba units. But it's hard to get good comps with SFR in that area. Based on cash flow and 10 cap, I got to around $200k ARV. What am I doing wrong?

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