Finding Comps for 12 unit property

[Dan Cumberland]

Hi everyone,

I'm working with a couple who are retiring and selling off their portfolio on possibly buying one of their final properties.  I've run my numbers and have some a couple different offers ready, but I'd like to cross check my numbers with recent comps for properties of this size in the area before I send anything along.

I'm curious if there are ways that others are getting finding commercial comps?  

I don't have a RE broker in place, as this is an off-market deal.  I'm planning to hire a lawyer to iron out the contract.

Would love any thoughts you all have.

Thanks!

[Dylan B.]

@Dan Cumberland a 12 unit property is considered a commercial building and therefore evaluated differently.  

I'll save some time and just link to this great article which will tell you how to evaluate a 12 unit apartment complex.

https://www.biggerpockets.com/renewsblog/amazing-a...