How to run comparisons for multi family deals

Question

I’m in the midst of identifying my first  Mutli family deal and going through a bunch of scenarios as practice and also some actual potentials as part of finding a deal.

Outside of asking a real estate agent to run comps, What do you use to compare the value of a property to see how it compares to others in the area for commercial multi family?

Thanks in advance!

Fradel Barber · Answer

Thanks @Maryanne Cameron @Steve Vaughan

Rafael Molinaro · Answer

Multi Family

Ari Hadar · Answer

What is MF sales? Property manager can provide accurate comps as well

Maryanne Cameron · Answer

I have my real estate agent send me a link to all MF sales in the last three years in the specific area I'm looking at. I have done that about twice this year. That way I can look at what the property was listed for vs what it actually closed at, square footage, # of units, usually that includes the amount of rent and what that rent included. I'd prefer to do my comps, then talk with him about what I found. My realtor is also an investor so he has inside knowledge on these listed properties and can talk from an investor's POV.

Steve Vaughan · Answer

You might try a property sales search by type on your county assessors site.

In my counties, houses are type 11, multi 12, commercial 13, like that.