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Updated over 4 years ago on . Most recent reply

Steve Karpinski's profile image
Steve Karpinski's profile image
Steve Karpinski
  • Real Estate Agent
  • from Havertown, PA
  • Member since Jul 12, 2016
  • Posts 31
  • Votes 10
  • Experience 5 Yrs
  • Investments 14
Connect

User Stats

31
Posts
10
Votes
Steve Karpinski's profile image
Steve Karpinski's profile image
Steve Karpinski
  • Real Estate Agent
  • from Havertown, PA
  • Member since Jul 12, 2016
  • Posts 31
  • Votes 10
  • Experience 5 Yrs
  • Investments 14
Connect
Steve Karpinski
  • Real Estate Agent
  • Havertown, PA
10
Votes |
31
Posts
Buying & Selling Real Estate

How to Value a Property with Garages?

Steve Karpinski
  • Real Estate Agent
  • Havertown, PA
Posted

I have a client who wants to sell a unique property. it is a duplex that has 19 garages behind it. The garages are all rented out for $100/month so it is a nice added income producer along with the duplex. How would you go about valuing this property with the addition to the garages? I analyzed it using its net income but the value seems way too high for the area. 

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