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Updated almost 2 years ago on . Most recent reply

La'Terrius Campbell's profile image
La'Terrius Campbell's profile image
La'Terrius Campbell
  • Member since Feb 11, 2021
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154
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La'Terrius Campbell's profile image
La'Terrius Campbell's profile image
La'Terrius Campbell
  • Member since Feb 11, 2021
Connect
La'Terrius Campbell
19
Votes |
154
Posts
Multi-Family and Apartment Investing

Vacant Multi Family Value Increase

La'Terrius Campbell
Posted

How do you determine value increase on a vacant multifamily? I know normally you can divide the NOI by the purchase price to to get your Cap Rate and from there you can implement the value increase formula but what if the property is completely vacant?

Number of Units: 7

Unit Rent Per Unit Potential: $800-$850

Purchase Price: $170k

Estimated Renovation Cost: $190k

How can I calculate the value add on a vacant multifamily? I want to see how much the property will be worth after renovations.

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