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Updated almost 4 years ago,
How to determine apartment values
I feel like I can accurately evaluate BRRRR or flip projects. How do you accurately value an apartment complex. I'm looking at a 34 unit in OKC with a cap rate of 8%. asking price is 1.8,000,000. Evenly split between 2/1 & 1/1 units with only a single 3 bed. I'm not actually going to buy this, I just have no idea to even determine if it constitutes any kind of a good deal. Can't ever buy an apartment if I don't know what I'm doing. Thanks in advance.