SF Bay Area MultiPlex

[Rita Roy]

Hello Every one,

I am new to this forum and would like some advice on how to calculate the if the sale price of the multi unit is worth the money. Recently I found a good 11 unit building with significant rent increase potential. The seller is selling it for $3.5mm. My question is how do I evaluate if this sale price is the right? 

Thanks

[Paul Timmins]

@Rita Roy

Go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.

Paul