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Updated almost 2 years ago,
Analyzing Multifamily with Unknown Cap Rate for the Area
I'm fairly new to analyzing multifamily larger than 4 units. I'm currently analyzing a 16 unit that's approx. 40 mins from Knoxville, TN. There are no other multis for sale, and I'm having a hard time finding Cap Rate for the area. Is there any default Cap Rate to use for analyzing a class C property?