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Updated about 3 years ago, 09/29/2021
How to compare cap rates - Mutli family
Working on my first multi family deal. I am working with a partner who is allowing me to learn and underwrite some properties for him. I am trying to figure out how to find good comps. I am specifically looking at a mix used building (5 residential units; 1 commercial unit). What is the best way to figure "price per door"? What is the best way to find cap rates for other recent sales? Any help is greatly appreciated.