Multi property asking price markup?

[Lonnie Waliczek]

Thanks ahead of time for your responses ( if any) :) When pricing a multi family property ( for the sake of this question ... a 2-4 door ) how much if any markup should there be on a property that is fully occupied? I keep seeing properties on MLS and similar sites in my area of Wichita KS where the asking price is 15-20% higher than what the local appraisal values the property. For instance , if the physical property has a value of 100k , but the asking price is 120k, does the the fact that there are existing leases in places warrant a 20% markup in the asking price? Thx and cheers!

[Jared Viernes]

Lonnie Waliczek when you say “local appraisal values” are you talking tax appraisal? If so, those are almost always off from market price.