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Updated almost 10 years ago,
How do you value a 4 plex?????
So I found a 4 plex that's for sale of market it is a bit of a puzzle. I'm trying to figure out what it's worth. It's in a stable area, tried to get comps pulled but no other 4 plex's in the area have sold on market since 2006. I checked the tax records and it has sold 3 times in 4 years. It has a lot of deferred maintenance, they want 220k for it. But I'm not even sure if that's a good price. Any help or tips would be appreciated