Toledo Agents I have a question about MF

[Jay Hinrichs]

what are you guys seeing in values of 30 to 50 unit older buildings that have been fully rehabbed.. I know location etc. 

but would be interested in hearing what a per door value is these days in your fine city..  20k a door  30k a door 50k a door 100k a door.

my MF in my market are all 200k a door or more.. I have been funding SFR;'s there for years just never looked at MF.

what say you Toledo experts. 

[Rebecca G.]

@Jay Hinrichs in Dayton I am paying 15 to 30 K per door depending on a variety of factors such as rent rolls vacancies leases etc.

[Jay Hinrichs]

Originally posted by @Rebecca G.:

@Jay Hinrichs in Dayton I am paying 15 to 30 K per door depending on a variety of factors such as rent rolls vacancies leases etc.

pre rehab ???   or fully functioning..  IE  40 unit bulding would be 600k to 1.2 mil  ? with little to no rehab needed ?

or is that units that need full rehab. 

[Mike Mocek]

Hello @Jay Hinrichs In Toledo, I see the average C class around $30k to $38k per door, a B class around $42k to $50k per door and an A class anywhere from $60k to $100k (Depending on the area).

[Jay Hinrichs]

Originally posted by @Mike Mocek:

Hello @Jay Hinrichs In Toledo, I see the average C class around $30k to $38k per door, a B class around $42k to $50k per door and an A class anywhere from $60k to $100k (Depending on the area).

these are livable units correct  not in need of a big reno job..  

[Ryan Pyle]

I'm not a broker, I'm an owner. But I will second what @Mike Mocek said, but with the caveat that Class B is as high as $100k/door in better areas with higher rents.