Updated over 6 years ago on .
Multiple Adjacent Duplexes
I recently came across the opportunity to purchase several adjacent duplexes and quadplexes with a total of 12 doors. The asking price for the entire portfolio is approximately $800,000. On average, the units rent for $610. However, my local property manager indicates that the units can rent for $895.
What financing options are available for this type of deal? Should/Can we wrap all the buildings into one loan or keep them all separate?
Additionally, I see the deal as an SFR/Multi-fam hybrid, and I am having trouble setting a value for the portfolio. I know duplexes are usually valued/appraised based on comparable data, but this isn't quite the case, given the multiple properties involved. How would you estimate value for a portfolio of duplexes?
I would also like to note that I have not seen these properties yet, and I am unaware if there is any upfront Capex required.