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Updated almost 2 years ago on . Most recent reply

User Stats

14
Posts
13
Votes
Ryan Taylor
  • Rental Property Investor
  • Littleton, CO
13
Votes |
14
Posts

Valuation vs. Appraisal for Triplex with long-term and AirBnB units

Ryan Taylor
  • Rental Property Investor
  • Littleton, CO
Posted

I have a property that I'm struggling to price for sale.  Currently it has a duplex with long-term renters, and an above-garage dwelling unit that was converted from long-term rental into a successfully operating AirBnB.  Pricing this property by square foot negates the entire income of the AirBnB, and converting it to a long-term would reduce the income and further reduce its value.

My concern is that listing it on the MLS with an 'accurate' / higher valuation (based somewhat on CAP rate for the AirBnB) would not appraise well when compared to other triplexes that are all long-term rentals in the area.

Does anyone have experience getting accurate valuations for these types of mixed properties?

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